New Commerzbank CEO expected to fight a potential UniCredit takeover
Commerzbank on Tuesday announced its new chief executive would be Bettina Orlopp, who is expected to fight a possible takeover of the German bank by Italy’s UniCredit. Orlopp, currently Commerzbank’s chief financial officer, will succeed existing chief executive Manfred Knof “in the near future”, Germany’s second-largest listed lender said.
Bettina Orlopp has been waiting in the wings for more than four years. With Commerzbank AG scrambling to fend off an ...
The German bank named its next CEO on Tuesday. The lender’s board decried a sudden buy-up of stock by Italy’s UniCredit, which may be looking for a cross-border path to take on Wall Street.
Commerzbank Aktiengesellschaft (CZB) Commerzbank Lays Foundation for Leadership Transition 24-Sep-2024 / 19:29 CET/CEST The issuer is solely responsible for the content of this announcement.
Financial company shares fell after the Justice Department sued Visa for antitrust violations, alleging the company used illegal tactics to maintain a monopoly in debit-card payments.
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