UniCredit CEO Surprised by German Backlash Over Commerzbank
Andrea Orcel, the CEO of UniCredit, said he was surprised by the backlash in Germany over his efforts to acquire Commerzbank, and he is ready to walk away from any deal if necessary. Orcel also called UniCredit's bid for Banco BPM a “fair starting point,” and he mentioned his most-feared competitors are US banks when speaking to Bloomberg's Francine Lacqua at Bloomberg House in Davos. -------- Subscribe to Bloomberg Live on YouTube: / @bloomberg_live
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