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Unicredit

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.

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6mo ago

Commerzbank Announces Nearly 4,000 Job Cuts Despite Record Profits