In a Bloomberg exclusive, UniCredit CEO Andrea Orcel said that a full takeover of Germany’s Commerzbank is an option. “Conversations about an M&A or a further combination are on top” of current discussions around the stake, he said. On Wednesday, the Italian bank revealed that it now owned 9% of Commerzbank, adding all the shares the German government offered this week to a position it had quietly built in the market. The state is seeking to exit its stake in the bank it rescued after the 2008 financial crisis. Also on the program, IEA Head of Oil Markets Toril Bosoni joined us for an exclusive conversation as the agency says global oil demand growth is “slowing sharply” as China’s economy cools.
Today’s guests: Toril Bosoni, IEA Oil Markets Head; Andrea Orcel, UniCredit CEO; Bob Faith, Greystar Real Estate Partners Chairman & CEO
Chapters:
00:00:00 – The Pulse with Francine Lacqua
00:01:06 – Toril Bosoni, IEA Oil Markets Head
00:07:36 – ECB seen lowering rates by 25bps
00:10:06 – US CPI data depends outsized Fed cut odds
00:17:32 – China detains bankers, takes passports in graft crackdown
00:19:47 – Headlines
00:20:38 – EXCLUSIVE: Andrea Orcel, UniCredit CEO
00:33:25 – Orcel: Takeover of Commerzbank a possible option
00:40:21 – Bob Faith, Greystar Real Estate Partners Chairman & CEO
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