Germany warming to UniCredit-MIL deal could boost European bank consolidation
TradingView News says Germany is tilting toward a deal with UniCredit’s CEO Andrea Orcel taking over Commerzbank, which could prompt other European nations and banks to warm to further consolidation.
Germany's shift toward a deal with UniCredit's MIL:UCG chief executive Andrea Orcel to take over Commerzbank, after years of his manoeuvring, could encourage other European governments and banks to become more open to further banking consolidation. Until now, Germany has resisted a takeover move, but the changed stance may now alter the wider mood around European bank mergers.