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UniCredit CEO Orcel meets EU chiefs on bank consolidation

UniCredit CEO Andrea Orcel meets EU officials today to discuss bank mergers. These talks follow firm German opposition to the lender's bid for Commerzbank.

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UniCredit CEO Andrea Orcel will meet EU competition and financial chiefs on Monday to discuss cross-border banking consolidation. The talks follow the bank's recent bid to increase its stake in Commerzbank. The European Commission is pushing back against member states blocking bank mergers within the bloc.

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