UniCredit’s chief executive Andrea Orcel is tightening his grip on Germany’s Commerzbank, signaling a possible board overhaul early next year.
- Orcel has been quietly advancing discussions with Commerzbank’s leadership, laying the groundwork for deeper integration.
- The Financial Times reports that a reshuffle of the bank’s supervisory board could happen in January, giving UniCredit a stronger voice.
- Analysts say the move could pave the way for a full UniCredit‑Commerzbank merger, a combination many in Berlin might eventually welcome.
All eyes are on the January meeting to see if the two banks will truly unite.