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UniCredit’s Orcel Is Only Making Enemies in Germany

If Andrea Orcel wants to seduce the shareholders and staff of Commerzbank AG, he has a funny way of going about it. The chief executive officer of UniCredit SpA has been using all the smarts of a seasoned investment banker to keep increasing its stake in the German bank in quietly efficient ways. Bu

UniCredit’s Orcel Is Only Making Enemies in Germany

If Andrea Orcel wants to seduce the shareholders and staff of Commerzbank AG, he has a funny way of going about it. The chief executive officer of UniCredit SpA has been using all the smarts of a seasoned investment banker to keep increasing its stake in the German bank in quietly efficient ways. But his tactics have left his targets cold, particularly the German government, which has a near 13% s

Finance Bloomberg Jun 17, 2026

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