economedia.ro/miscari-pe-piata-bancara-europeana-u

Italian bank UniCredit SpA is expected to receive unconditional approval from EU competition authorities for its acquisition of German rival Commerzbank AG. This potential approval highlights regulatory efforts to encourage cross-border mergers in the financial sector to create European champions. The European Commission is set to decide on the transaction by November 16. Following ECB approval to increase its stake in Commerzbank, UniCredit aims to gain control of the bank this year. However, concerns arose regarding Germany's request to retain two seats on Commerzbank's Supervisory Board, which may conflict with EU legislation. UniCredit plans to announce new governance mechanisms and a strategy called 'Commerzbank Unlocked' by Q1 2027, with potential leadership changes and job cuts.