World News: 18:30 GMT Wednesday 15th May 2019. [Yahoo Business News Feed via SPi World News]
Commerzbank plans to hold an extraordinary meeting of its supervisory board on May 21 to discuss strategy, people familiar with the matter said on Wednesday. The gathering, which will take place the day before the bank's annual general meeting, comes amid questions about Commerzbank's future after the collapse of merger talks with rival Deutsche Bank last month. On Tuesday, Reuters reported that Italian bank UniCredit had stepped up preparations for a potential bid for Commerzbank by drafting in investment bankers.
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