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German government does not want to stay permanently invested in a bank, finance minister says

German government does not want to stay permanently invested in a bank, finance minister says FRANKFURT, Sept 19 (Reuters) - German Finance Minister Christian Lindner said on Thursday that the government does not want to stay permanently invested in a bank. "The federal government cannot, may not, and does not want to have a permanent stake in a private bank," he said.
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Bank mega-M&A gets tantalisingly close in Europe: podcast

BREAKINGVIEWS-Bank mega-M&A gets tantalisingly close in Europe: podcast The host is a Reuters Breakingviews columnist. The opinions expressed are her own. By Aimee Donnellan GALWAY, Ireland, Sept 19 (Reuters Breakingviews) - UniCredit, the $68 bln Italian lender, grabbed a 9% stake in Germany’s $16 bln Commerzbank. In this Viewsroom podcast, Breakingviews columnists argue that a full merger makes financial sense, but potentially not for unions or the under-fire government in Berlin.
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German union appeals to Berlin to prevent Commerzbank sale to UniCredit

UPDATE 2-German union appeals to Berlin to prevent Commerzbank sale to UniCredit Updates with finance minister in paragraph 6-7 By Tom Sims FRANKFURT, Sept 19 (Reuters) - A German bank staff union on Thursday called on Berlin to prevent UniCredit CRDI.MI from buying Commerzbank CBKG.DE , warning of massive job losses if a deal goes through. The warning by the DBV union comes days after the Italian bank announced it had bought a 9% stake in Commerzbank - from the German government and the open ma
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UniCredit tie-up with Commerzbank could result in massive job cuts, DBV bank union warns

UniCredit tie-up with Commerzbank could result in massive job cuts, DBV bank union warns FRANKFURT, Sept 19 (Reuters) - Germany's DBV bank union on Thursday warned of massive job cuts if UniCredit CRDI.MI and Commerzbank CBKG.DE merge, and said that the German government has a special responsibility to preserve jobs rather than cash in on its remaining stake in the German lender.
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ECB's role in any UniCredit and Commerzbank combination

EXPLAINER-ECB's role in any UniCredit and Commerzbank combination FRANKFURT, Sept 19 (Reuters) - UniCredit, Italy's second-largest bank, has taken a 9% stake in Germany's Commerzbank and is seeking permission to potentially raise this to 29.9%, sources told Reuters, while saying it would be open to a full takeover bid. For UniCredit CRDI.MI to raise its Commerzbank CBKG.DE stake above 10% will, however, need approval from the European Central Bank, the supervisor of the euro zone's biggest banks
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