ROME - German trade union Verdi would oppose a cross-border merger for Commerzbank even if the bidder was not an Italian bank like UniCredit, an official said on Saturday.
" is not due to the fact that is an Italian bank. It could be French or Spanish," Frederik Werning, a Verdi labour union official and a member of the Commerzbank Supervisory Board, said in a interview with Italian broadcaster La7. "If the takeover happens, UniCredit and Commerzbank will have to take care of themselves for years and they will no longer be strong partners for their clients, neither in Italy nor in Germany," he added.
The mother of a British soldier who killed himself after becoming a victim of a squaddie’s “insidious” payday loan scheme has warned others not to join the military.