UniCredit Secures ECB's Approval for Commerzbank Stake
ECB approval was expected given UniCredit's financial strength and a supervisory stance which is supportive of consolidation efforts, but it still marks an important step towards what could become Europe's biggest cross-border banking deal since the global financial crisis.
UniCredit gets ECB's nod for Commerzbank stake though no bid decision imminent
The European Central Bank has given UniCredit the green light to buy up to 29.9% of Commerzbank , the Italian bank said on Friday, adding it would likely wait until next year before deciding whether to pursue a full takeover.
The Associated Press on MSN10d
European Central Bank cuts rates again as threat of trade war with Trump weighs on economyThe European Central Bank is cutting interest rates by a quarter percentage point, lowering credit costs for consumers and ...
Renewed bias for rate cuts could ease financial conditions, offering bullish cues to risk assets, including bitcoin.
Despite the current selloff in cryptocurrencies such as Bitcoin (BTC), the European Central Bank (ECB) says it is proceeding ...
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