Apple COO Jeff Williams to Step Down; Design Team Will Report to CEO Tim Cook Apple's chief operating officer plans to hand the role off this month and retire later this year after roughly a decade as ...

Reuters.com is your online source for the latest news stories and current events, ensuring our readers up to date with any breaking news developments ...

Italian lender UniCredit has increased its equity stake in Commerzbank to 20% by converting derivatives into stock.

German lender Commerzbank said Wednesday it was committed to its strategy after Italian bank UniCredit formally upped its stake in its rival, laying the ground for a potential takeover bid.

UniCredit increased its shareholding in Commerzbank to 20%, giving the Italian lender a bigger stake in the German competitor as it seeks to win over opposition to a possible takeover of the rival.

German lender Commerzbank said Wednesday it was committed to its strategy after Italian bank UniCredit formally upped its stake in its rival, laying the ground for a potential takeover bid.

The Italian lender now owns around 20% of Commerzbank’s shares and is the largest shareholder of the bank it hopes to engineer a merger with.

Simply sign up to the European banks myFT Digest -- delivered directly to your inbox. UniCredit on Tuesday said it had increased its equity stake in Commerzbank to about 20 per cent, as the ...

Commerzbank AG plans to sell a significant risk transfer tied to a portfolio of corporate loans, according to people familiar with the matter, as the German lender moves to free up capital to fend ...