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Commerzbank axes 3,000 jobs in an attempt to fight off UniCredit takeover bid

Euronews · May 8, 2026, 10:21 AM · Also reported by 2 other sources

Why this matters: an international story with cross-border implications worth tracking.

Commerzbank wants to cut a further 3,000 jobs and at the same time significantly increase its profit targets. The reorganisation is the bank's response to the takeover ambitions of the major Italian bank UniCredit.

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Also covered by

Investing.com Commerzbank to cut 3,000 jobs, upgrades targets as it fends off UniCredit takeover Bloomberg Markets Merz Slams UniCredit for Destroying Trust With Commerzbank Bid

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