• Mon, 20 April 2026
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UniCredit says to outline details for ‘Commerzbank transformation’ on Monday

UniCredit logos on credit cards in this illustration taken September 24, 2025. REUTERS
MILAN, April 20 (Reuters) – UniCredit on Monday will outline the details ​of “an approach to value ​creation” for Germany’s Commerzbank ⁠Commerzbank , the Italian bank ​said, adding it believed the ​German lender is insufficiently prepared for future challenges and is overly ​focused on short-term ​delivery.
UniCredit said in a statement Chief ‌Executive ⁠Andrea Orcel would hold a conference call al 0900 CET (0700 GMT) on Monday.
The Italian lender, ​which ​has accumulated ⁠a near-30% stake in the German ​group, “believes that Commerzbank should ​reposition ⁠to be future-ready by accelerating top line growth ⁠and ​focusing on investing ​and transforming”, the statement added.
(This story has been corrected to change the time of conference to 0900 CET, not 0900 GMT, in paragraph 2)

Reporting by ​Cristina Carlevaro; Editing Giulia Segreti

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China leaves lending benchmarks unchanged for 11th month in AprilA man walks past a People’s Bank of China (PBOC) sign in Beijing, China April 8, 2024. REUTERS/Florence Lo/File Photo Purchase Licensing Rights, opens new tab SHANGHAI, April 20 (Reuters) – China on Monday left benchmark loan prime rates (LPRs) unchanged for the 11th consecutive month in ​April, in line with market expectations. WHY IT’S IMPORTANT Solid economic growth ‌at the start of the year and a pick-up in inflation reduced the need for fresh monetary easing to support the broader economy. The Week in Breakingviews newsletter offers insights and ideas from Reuters’ global financial commentary team. Sign up here. BY THE ​NUMBERS It kept the one-year LPR at 3.00% and five-year ​LPR at 3.50%. In a Reuters survey of 20 market participants ⁠conducted last week, all participants predicted no change to either ​of the two rates. Advertisement · Scroll to continue CONTEXT ** The Chinese economy’s 5.0% annual growth pace in ​the first quarter sits at the top of its full-year target range of 4.5%-5.0%, highlighting a resilience that sets it apart from much of Asia, ​helped by ample strategic oil reserves and a diversified energy ​mix. ** China’s factory-gate prices rose for the first time in more than three years ‌in ⁠March, in an early sign that the war in Iran is feeding cost pressures into the world’s second-largest economy. KEY QUOTES ** DBS “With no clear signs of a sharp slowdown and credit demand ​yet to recover ​meaningfully, policymakers are ⁠likely to stay with targeted easing rather than shift toward broad-based rate cuts.” Advertisement · Scroll to continue ** Societe Generale “Despite the ​strong first-quarter GDP, policymakers are likely to refrain ​from further ⁠easing at the late-April Politburo meeting, even amid the Middle East conflict. “Under a contained conflict scenario lasting only a few months, we ⁠do ​not expect additional fiscal stimulus this ​year and see scope for just one People’s Bank of China (PBOC) rate cut toward ​year-end.” U.S. stocks rallied on Friday, with the Dow jumping 1.8%, the S&P 500 climbing 1.2% and the Nasdaq rising 1.5%. 00:02 01:50 Reporting by Shanghai Newsroom; Editing by Christopher Cushing and Jacqueline Wong

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