UniCredit

Unicredit CEO Andrea Orcel appeals to Commerzbank corporate clients to remain loyal to the bank and promises to increase financing capacity for corporate growth. A survey shows 75% of respondents oppose the takeover, rising to 81% among Mittelstand companies; 15% already report concrete effects. The ECB has approved the merger; Unicredit plans to replace the shareholder side of the supervisory board at an extraordinary general meeting and is also preparing possible changes to the management board. » Más en sueddeutsche.de

UniCredit announces that Chairman Pier Carlo Padoan is stepping down for personal reasons at the end of his term. The board is working on the appointment of a successor as part of a "consensual transition" and prioritizes maintaining leadership continuity. Padoan's term will end on the date of the annual general meeting to approve the 2026 financial statements; CEO Andrea Orcel emphasizes that the board and the Group Executive Committee will remain focused on executing the strategy. » Más en finanzen.net

UniCredit CEO Andrea Orcel is reportedly planning to replace the ten supervisory board members representing the shareholders and to remove CEO Bettina Orlopp. This would be done via an extraordinary general meeting after receiving the required conditions; control could be achieved as early as January at best, otherwise by the end of February. UniCredit, which now holds almost 50 percent of the shares including options, expects billions in savings from job cuts and reductions to its international network, which in Frankfurt is fueling worries of drastic cuts and a possible merger with HVB. » Más en finanzen.net