UniCredit CEO Andrea Orcel has pledged to overhaul Commerzbank’s governance soon, in a move that may pave the way for an effort to oust CEO Bettina Orlopp.
Speaking to Bloomberg TV, Orcel said all regulatory approvals for the deal are expected by the end of November.
The Opening Trade has everything you need to know as markets open across Europe. With analysis you won’t find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Tom Mackenzie.
Chapters:
00:00:00 – The Opening Trade Begins
00:01:13 – The Agenda: Jensen Huang Affair Rocks Nvidia
00:04:51 – The Agenda: Stocks Rally on Tech Rebound, Oil Steadies Ahead of US CPI
00:06:29 – Race to Succeed Christine Lagarde at the ECB
00:09:17 – UniCredit 3Q Revenue Beats Estimates
00:10:18 – What to Watch
00:12:12 – Nvidia Investigation and Risks for Investors
00:14:45 – 7IM Co-CIO Shanti Kelemen on AI, Markets and Portfolio Strategy
00:20:51 – Need to Know: Russia War Losses and China Extends US Trade Truce
00:24:50 – UniCredit Reports Record Quarterly Profit
00:25:15 – UniCredit CEO Andrea Orcel on UniCredit and Commerzbank
00:36:20 – Goldman Sachs’ Andrew Sheets on Bonds, AI and the Fed
00:42:22 – MLIV: Tech Turbulence and Nvidia Risk
00:48:01 – European Markets Open
00:50:04 – M&G Investments’ Maria Municchi on AI Risk and Multi-Asset Strategy
00:59:51 – Market Movers: European Stocks, Banks and Pharma Movers
01:03:16 – UniCredit Earnings and Commerzbank Plans
01:06:51 – Nvidia’s Jensen Huang Key-Man Risk
01:13:22 – Need to Know
01:14:32 – ECB Succession and European Investment
01:15:00 – Nadia Calviño, President of the European Investment Bank, on ECB Succession and European Investment
01:20:59 – Nadia Calviño, President of the European Investment Bank, on EIB’s €10 Billion European Tech Initiative
01:24:44 – HSBC’s Vivek Ramachandran on Global Trade, Energy and AI
01:31:07 – Week Ahead: US Inflation, ECB and UK GDP
01:35:05 – Markets Reverse Higher
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