The two firms could pay for the deal in part by selling assets such as SocGen’s Russian activities. This means the acquirer can book a profit gain from the difference between the target bank’s depressed market value and its book value. In the U.S., the fear of a deflationary period has given way to expectations for a sustained pickup in price growth, given the flood of fiscal stimulus and signals from the Federal Reserve that it would tolerate — and perhaps even encourage — an overshoot of its 2% inflation target.Given this context, Tuesday’s selloff in gold and U.S. Treasuries is puzzling. This inflates the merged bank’s capital and cuts the cost of a deal for shareholders, but it’s no panacea.With valuations at historical lows, boosting capital through this accounting trick leaves the enlarged bank exposed to future impairments. Commerzbank's shares have fallen sharply since Cerberus bought a 5% stake in 2017, when it became the bank's second-largest shareholder after the German government. : Get the latest Commerzbank stock price and detailed information including news, historical charts and realtime prices. Whichever scenario wins out, these price swings are more likely to be flashes in the pan than something more permanent.This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Brian Chappatta is a Bloomberg Opinion columnist covering debt markets. Commerzbank share current share price … The combination wouldn’t give UniCredit a better position in Lombardy, Italy’s economic engine. Here investors can find the most important information on our business performance and commerzbank shares. search for. At some point, Commerzbank may draw fresh suitors. This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Elisa Martinuzzi is a Bloomberg Opinion columnist covering finance. (Bloomberg Opinion) -- European bank bosses are on the front foot again. Share Price & News. The starting point was the bottoming out after a previous setback in the area just below the EUR 4 mark that was seen at the end of October / beginning of … The company operates approximately 1,000 branches. Manfred Knof, head of Deutsche Bank's retail business in Germany, will assume the top spot at Germany's No. At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. Commerzbank AG share price in real-time (CBK100 / DE000CBK1001), charts and analyses, news, key data, turnovers, company data. Even a mooted combination between Swiss behemoths UBS Group AG and Credit Suisse would be worth considering given their complementary securities businesses and strong private banks.And if Europe ever completes the integration of its banking industries and harmonization of its legal systems, allowing funds and liquidity to flow freely, some large cross-border deals will become compelling. It also provides money market, and commodities and precious metals products, as well as interest, currency, and liquidity management services; and wealth management services. (Bloomberg Opinion) -- After a decade of scandals and multiple bailouts, Banca Monte dei Paschi di Siena SpA is back in the spotlight. While gold is a more fickle investment and has more room to tumble after its recent surge, sub-zero real yields should provide something of a floor and keep pensions and private-wealth managers open to owning it.But most of all, it boils down to inflation and currency strength. Strategically, taking over another mid-tier Italian lender, Banco BPM SpA, makes more sense. Yes, both are classically considered “havens” and are prone to decline during bouts of “risk-on” trading. In this crisis, under new accounting rules, banks have had to take this action sooner for loans that may sour. Intesa’s purchase of smaller rival UBI Banca SpA has reinforced its dominant market share, hampering UniCredit’s ability to dictate prices and keep the best clients. Analysts expect the bank to make just 76 million euros next year, which could be wiped out by higher interest costs.It’s arguable that Monte Paschi should have been wound down years ago — it was probably insolvent at the time of its last state rescue — but more visibility on the potential legal liabilities would at least strengthen Italy’s negotiating hand. Price to Book Value per Share Ratio. News ; Quarterly Results ; Company ; Commerzbank share . Monitor Commerzbank stocks performance with Capital.com. Learn more Hide. That would be one concern if Deutsche Bank AG bought Commerzbank AG, for example, according to Credit Suisse analysts. View recent trades and share price information for Commerzbank AG and other shares. Tuesday’s decline was “quite abrupt and brutal, but the price increase before was even more abrupt and brutal,” Carsten Fritsch, a commodity analyst at Commerzbank AG, told Bloomberg News’s Justina Vasquez. For a more sobering assessment of the industry, look at Germany’s Commerzbank AG, which has less exposure to the booming trading business than its rivals and expects to lose money this year. The German lender’s gloom is in marked contrast to its peers, including Italy’s Intesa Sanpaolo SpA and UniCredit SpA. Securities codes Bearer shares: CBK100: Reuters: CBKG.DE: Bloomberg: CBK GR: ISIN: DE000CBK1001: Germany: North America: Frankfurt; Xetra; Sponsored ADR (CRZBY) CUSIP: 202597308; Quick links Online-Banking. She is a former managing editor for European finance at Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P. Commerzbank appointed a new board member to oversee the German lender's corporate business on Friday after his predecessor left over differences about the division's future, the bank said on Friday. If America’s dalliance with helicopter money causes persistent price growth to take hold and the dollar to weaken, then gold should set records. Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of mBank S.A. Frankfurt am Main, September 30, 2020 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of mBank S.A. and other ratings that are associated with the same analytical unit. The partly state-owned bank, which has been targeted by activist U.S. private equity fund Cerberus, is trying to regain its footing after the resignations earlier this summer of its chief executive and chairman, and years of setbacks since the financial crisis. In 2017, the state funded Intesa’s purchase of two failing lenders.Why would UniCredit accept anything less this time? Bank loans finance more than 80% of corporate and household borrowings in the euro zone, compared to slightly more than half in the U.S. During a pandemic-induced recession, Europe cannot afford a lending malaise.With no end in sight to the monetary easing that has crushed profit margins, a fragmented market with too many bank branches should be perfect for consolidation. A combination with Popolare di Bari, which Italy is in the process of rescuing, wouldn’t return Monte Paschi to private hands.Adding to Rome’s urgency, Monte Paschi is close to selling 8 billion euros of bad loans to another state-owned entity later this year, a key milestone in its rehabilitation. Commerzbank Ord Share Price Alert; Tweet. Find the latest COMMERZBANK AG (CBK.DE) stock quote, history, news and other vital information to help you with your stock trading and investing. Roland Boekhout, the new head of corporate clients, is the leading internal candidate, according to Bloomberg News. A BPM deal would reinforce UniCredit’s position in Lombardy, the economic engine of Italy.A merger in Germany, UniCredit’s second-biggest market, would be even more compelling. Germany's No. In the past few weeks it has made a significant leap in price. Taking over another mid-tier Italian lender to strengthen shortfall from a potential merger the... 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