CashNews.co Dublin, Sept. 12, 2024 (GLOBE NEWSWIRE) — The “Germany Embedded Finance Business and Investment Opportunities Databook – 75+ KPIs on Embedded Lending, Insurance, Payment, and Wealth Segments – Q2 2024 Update” report has been added to ResearchAndMarkets.com’s offering. The embedded finance industry in the country is expected to grow by 6.8% annually to reach […]
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Germany’s powerful services sector union would fight any tie-up of Commerzbank with larger Italian rival UniCredit “tooth and nail” along with employee representatives, a supervisory board member told the Financial Times. “We will oppose […]
CashNews.co German CDU leader and chancellor hopeful Friedrich Merz pledged on Wednesday (11 September) to do “everything I can” to prevent the permanent issuing of EU joint debt, after the idea featured prominently in Mario Draghi’s report on European competitiveness earlier this week. Speaking at a debate in the German Bundestag on Wednesday, Merz picked […]
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Commerzbank is open to talks about a potential tie-up with UniCredit, according to people familiar with the discussions, after the Italian bank built a 9 per cent stake in its German rival and announced […]
CashNews.co (Bloomberg) — UniCredit SpA built a 9% stake in Commerzbank AG and plans to enter into talks with the lender, raising the possibility of a takeover that could reshape Europe’s banking landscape. Most Read from Bloomberg The Italian bank acquired 4.5% from the German government, with the rest bought on the market, it said […]
CashNews.co By Giulia Segreti, Valentina Za and Tom Sims FRANKFURT (Reuters) -Italy’s UniCredit said on Wednesday that it had acquired a 9% stake in Germany’s Commerzbank and will “explore value creating opportunities for all stakeholders in both banks”. The purchase by Italy’s No. 2 bank of the stake in Germany’s No. 2 lender makes UniCredit […]
CashNews.co A spokesperson from the German Federal Ministry of Economics confirmed to Capital magazine that the ministry is concerned about the business practices of “Chinese discount shops” Temu and Shein and is preparing an “e-commerce action plan.” The spokesperson emphasised the importance of enforcing legal provisions equally for both EU traders and those from third […]
CashNews.co Text size Germany’s strict fiscal discipline sets an example in Europe, Finance Minister Christian Lindner said Tuesday, as he again rebuffed a proposal for joint EU borrowing to boost the bloc’s competitiveness. “Germany must lead by example and not only follow its own rules but especially also European rules,” Lindner told lawmakers in Berlin […]
CashNews.co “Germany will not agree to this,” Lindner said. In his much-anticipated report, Draghi said the EU needed to invest a further €800 billion each year until 2030 as a conservative estimate. He said more common borrowing was needed and that public funding would trigger more private investment. “Our problem is not a lack of […]
CashNews.co Joint debt just isn’t on Germany’s agenda — irrespective of a warning by former Italian Prime Minister Mario Draghi that it’s the only way to make the European Union more competitive with China and the U.S. The former leader had barely finished presenting his long-awaited report on Monday about how to fix Europe’s ailing […]