Four German lenders have sued the nation’s financial watchdog to get back their share of a €2.3 billion ($2.5 billion) restructuring fund they had to finance in the wake of the 2008 financial crisis.
UniCredit's move for Commerzbank has sparked widespread opposition in Germany and marks a major test for Europe's willingness to see through long-awaited cross-border banking consolidation.
UniCredit was the "largest investor in Commerzbank ... The approach has sparked anger in Germany, with unions fearful it could lead to job losses and politicians -- lead by Chancellor Olaf Scholz ...
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