ATLANTA & FRANKFURT AM MAIN, Germany - Global Payments Inc. (NYSE: NYSE: GPN) and Commerzbank (ETR: CBKG) (FRA: CBK) announced a joint venture aimed at providing digital payment solutions to small and ...

A large investor in Commerzbank on Wednesday urged it to engage with UniCredit. "Cooperation with UniCredit - in whatever form - does not have to be to the detriment of Commerzbank," said Union ...

Germany, which still owns about 12% in Commerzbank, will need some time to form a government after snap elections last month. UniCredit on Friday also cleared an important hurdle for a potential ...

For 2022, it rose 33% to 6.5 billion euros. Commerzbank, which focuses on medium-sized firms known as Mittelstand that form the backbone of the German economy, is a barometer of the nation's health.

The criteria give some leeway, but essentially the ECB would have to decide if UniCredit could afford to buy Commerzbank and remain financially sound, and if it would form a stronger group.

It also needs to wait for a new German government to form to discuss its potential takeover of one of Germany’s largest banks. UniCredit started buying shares in Commerzbank last year.

Global Payments, Commerzbank form digital payment JV Open in App Get 50% Off Sign In Free Sign Up ...