Reported about 9 hours ago
Commerzbank has appointed Carsten Schmitt as its new CFO amid ongoing approaches from Italy's UniCredit for a potential merger. Schmitt's role is critical as the bank navigates strategic adjustments and opposes a takeover bid by UniCredit, which recently acquired a significant stake in Commerzbank. The transition is expected to finalize by spring 2025, with a revamped strategy to be unveiled in February.
Source: YAHOO