Business ❯Finance ❯Banking ❯Corporate Strategy

Restructuring

Commerzbank Raises Profit Forecast, Files €1 Billion Buyback to Counter UniCredit Bid

Boasting record H1 earnings despite hefty restructuring costs, Commerzbank has raised its profit forecast to €2.5 billion, filed for a €1 billion share buyback to repel UniCredit’s takeover attempt.

12 ARTICLES

5mo ago

Commerzbank Reports Record €834M Q1 Profit, Strengthening Defense Against UniCredit Takeover

9 ARTICLES

8mo ago

HSBC Targets $1.5 Billion in Cost Savings by 2026 with Major Restructuring

22 ARTICLES

11mo ago

HSBC Surpasses Profit Forecasts with Strategic Overhaul and $3B Buyback