Reported about 8 hours ago
Andrea Orcel, CEO of UniCredit SpA, reassures the German staff about the potential merger with Commerzbank AG, emphasizing that it will not lead to immediate significant changes for their operations. In an internal memo, he noted that while the integration will take time and Commerzbank will first undergo independent improvements, it presents an opportunity for value creation in the medium term. Orcel also addressed concerns about power dynamics, asserting that decision-making would remain within Germany.
Source: YAHOO