Why Germany Is Resisting UniCredit’s Takeover of Commerzbank

Published On Nov 1, 2024, 12:00 AM

Germany is resisting the potential takeover of Commerzbank by the Italian bank UniCredit, despite the European Union’s push for increased banking integration. While Germany values economic relations with Italy, political leaders and unions are advocating for Commerzbank to remain German. This opposition raises questions about the future of cross-border mergers in Europe, especially as both banks prepare to report quarterly results next week.