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UniCredit and Commerzbank discuss control transfer
Discussions have begun between the banks "UniCredit" and "Commerzbank" regarding the transfer of regulatory control over the German bank, amid a shift in Commerzbank's stance from attempting to obstruct the transition to being more open to facilitating it. The talks involve legal, accounting, and risk management implications related to classifying the bank as part of the "UniCredit" group under unified regulatory standards. The meetings are expected to continue in the coming months, with forecasts of difficulty in reaching an agreement on the strategy, as UniCredit insists on reducing Commerzbank's international operations, while the latter continues to defend its current plan.
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