UniCredit urges Commerzbank leaders to step down; issues €750M AT1
UniCredit says it is pressing for control of Commerzbank and is urging CEO Bettina Orlopp and chairman Jens Weidmann to quit. The bank also bolstered capital by issuing €750M PerpNC 12/2031 AT1 notes to support Tier 1 ratios.
A. (MIL:UCG), led by CEO Andrea Orcel, is pressing to take control of Commerzbank and is urging CEO Bettina Orlopp and chairman Jens Weidmann to step down. At the same time, UCG is strengthening capital by issuing €750M PerpNC 12/2031 AT1 notes to support Tier 1 ratios.