world-economy

German Chancellor Merz Renews Criticism of UniCredit's Commerzbank Takeover Bid

German Chancellor Friedrich Merz reinforced his criticism of UniCredit SpA's bid for Commerzbank AG, asserting that the Italian lender was destroying trust as it attempts to take over Germany's second-largest bank. The takeover bid has drawn sustained political pushback domestically. UniCredit's chief executive acknowledged the unexpected nature of the acquisition strategy. Merz's vocal resistance reflects broader concerns about foreign control of major German financial institutions.