German banking supervisor BaFin prohibits unfavorable statements by Unicredit on Commerzbank | EUROtoday

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The German Banking Supervisory Authority BaFin prohibits from this night to Unicredit to make «statements in conferences» or «dialogues with analysts» or «publications on social networks» accessible to the general public who describe the financial scenario of Commerzbank and its subsidiaries in a unfavorable or sensationalistic method. The ban extends to public statements describing the financial institution as inadequately managedwith a short-term orientation. This ban is geared toward Unicredit’s declarations referring to Commerzbank because the financial institution topic to the general public share alternate supply introduced on 16 March by Gae Aulenti: the ban will expire on the finish of the supply interval.

This intervention by BaFin, above all because of its harshness, is unprecedented in Germanyin line with well-informed sources.

In a name with analysts final Monday, the CEO of Unicredit harshly criticized the way in which Commerzbank is managed. Andrea Orcel he didn’t restrict himself to arguing that the second German financial institution is performing under its potential, or that the share worth on the inventory alternate doesn’t symbolize the basics, however he additionally mentioned that thepresent enterprise mannequin at Commerzbank appears too quick time period and exposes the financial institution to medium-term dangers that would result in a brand new restructuring. These opinions had been later additionally disseminated on social networks and in interviews.

This alarmism which has exalted the dangers that Commerzbank is presumably operating by exposing its shareholders, is a stark warning that may create market turbulencewas rejected by Commerzbank itself in a lengthy assertion printed on Monday night. In the press launch, the financial institution described Unicredit’s strategy as “aggressive, hostile and misleading”. The CEO of the German financial institution Bettina Orlopp she mentioned she was amazed «that it took UniCredit greater than 18 months to current a unilateral plan that denotes a scarcity of primary understanding of the drivers of our enterprise mannequin, regardless of common conferences with traders held throughout this era». The financial institution recorded the most effective ends in its historical past in 2025.

BaFin, in its late night resolution, mentioned that UniCredit’s bulletins and public statements on Commerzbank had been “provocative and not objective”, as they contained “speculation on the financial situation of Commerzbank”.