UniCredit Says Commerzbank Merger Could Happen Earlier Than Expected
UniCredit said a merger between its German arm and Commerzbank could take place earlier than expected. The bank linked a potential acceleration to securing control.
By Michael HennesseyUniCredit said a merger between its German arm and Commerzbank could take place earlier than expected, signaling that the integration of the Frankfurt-based lender might accelerate once it secures control.The Italian bank said Monday that new governance arrangements and the impl…