Commerzbank-UniCredit: The Potential for Chaos Is Growing—Marriage Counselor Wanted

UniCredit’s offer to Commerzbank shareholders to exchange Coba shares for UniCredit shares has resulted in a Coba stake of between nearly 45 and just under 50 percent, depending on how one looks at it, the major Italian bank announced—though this figure is still under review. However, it is highly doubtful whether a viable pan-European bank can emerge from this at all. Incidentally, the manner in which the major Milan-based bank has entered the market is likely to foster suspicion rather than trust among all German stakeholders…