The German bank said that early this month Manfred Knof informed Jens Weidmann, chairman of the supervisory board, of his decision not to seek a second term as the bank’s CEO.

Commerzbank AG appointed Bettina Orlopp to replace departing Chief Executive Officer Manfred Knof, as it contends with a possible takeover approach from rival UniCredit SpA.Most Read from BloombergEric Adams' Vanishing Promise to Fix NYC's 'Unfair' Property TaxesWaiting for the Miracle of Church-to-Housing DevelopmentUnlocking the Hidden Power of Zoning,

Bettina Orlopp will take over as chief executive officer of Germany's Commerzbank in the near future, the bank announced on Tuesday, making her one of the country's highest-profile bankers during a tumultuous time for its No.

Commerzbank AG appointed Bettina Orlopp to replace departing Chief Executive Officer Manfred Knof as it contends with a possible takeover approach from rival UniCredit SpA.Most Read from BloombergEric Adams' Vanishing Promise to Fix NYC's 'Unfair' Property TaxesUnlocking the Hidden Power of Zoning,

Commerzbank's chief executive officer Manfred Knof won't seek another term when his contract ends in December 2025, the bank said on Tuesday, as the German government began to sell some of its shares in the lender.

El director ejecutivo de UniCredit SpA, Andrea Orcel, sorprendió al mercado al duplicar con creces la participación del banco que dirige en Commerzbank AG, una maniobra que probablemente aumente las tensiones con el gobierno alemán.

Commerzbank supervisory board members on Tuesday voiced fierce opposition to any takeover of the German bank by Italy's UniCredit , personally attacking UniCredit's CEO Andrea Orcel and vowing they were in for a long fight.

UniCredit on Monday said it’s reached an agreement to further increase its stake in Commerzbank as the German government increasingly attempts to ward off an Italian acquisition of its number-two bank.