Goldman Sachs has derivatives positions worth 6.7% stake in UniCredit, filing shows
MILAN (Reuters) - Goldman Sachs has derivative positions in UniCredit equivalent to a 6.7% stake in the Italian bank as of Sept. 30, mostly swap and future contracts as well as call options, a regulatory filing showed on Monday.
Exclusive-UniCredit talked to top German officials before Commerzbank stake buy, document shows
FRANKFURT (Reuters) -UniCredit executives had conversations with top German government officials, including from the chancellery and the finance ministry, in the months before buying part of the state's stake in Commerzbank, according to a parliamentary document reviewed by Reuters.
Analysis-UniCredit's Orcel takes aim at Europe's banking borders with Commerzbank bet
FRANKFURT (Reuters) - For decades, Andrea Orcel was the 'rainmaker' who CEOs turned to for advice on the big deals that reshaped the banking landscape. Now, as UniCredit chief executive, the Italian has set himself his biggest test so far -- breaking down Europe's deeply entrenched political resistance to cross-border mergers.
Commerzbank, UniCredit shares fall as Germany plans to keep 12% stake
FRANKFURT (Reuters) -Shares of Commerzbank and UniCredit fell on Monday after the German government said that it would retain its 12% stake in the German bank for now in a move that will likely keep any merger with the Italian lender on hold.