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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Headlines

    Posted By Global Banking and Finance Review

    Posted on May 16, 2025

    Featured image for article about Headlines

    BERLIN (Reuters) -Germany's finance ministry on Friday denied a media report that Finance Minister Lars Klingbeil could meet with his Italian counterpart to discuss UniCredit's push for a merger with Commerzbank.

    "I can confirm that the minister will be travelling to Rome this weekend, but there is currently no meeting planned or foreseen," a spokesperson said.

    Earlier on Friday, an Italian press report cited German financial sources as saying Klingbeil could meet Italian Economy Minister Giancarlo Giorgetti to align their positions on the matter.

    UniCredit's takeover ambitions for Commerzbank have stalled due to German opposition to the plans.

    CEO Andrea Orcel has said UniCredit will wait until 2026 or 2027 to decide what to do with the 28% stake in Commerzbank the Italian bank has acquired, and that it will depend on the outcome of discussions with all stakeholders.

    Orcel has said he was waiting for the new German government to emerge and tackle more urgent matters before seeking to sit down with the new leadership to discuss Commerzbank.

    UniCredit sent a letter of congratulations in recent days to Berlin's new government, a person close to the matter said.

    (Reporting by Friederike Heine in Berlin and Valentina Za in Milan. Editing by Rachel More and Mark Potter)

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