UniCredit CEO Plots Commerzbank Governance Overhaul

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

--------

More on Bloomberg Television and Markets

Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9

Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.

Connect with Bloomberg Television on:

X: https://twitter.com/BloombergTV

Facebook: https://www.facebook.com/BloombergTelevision

Instagram: https://www.instagram.com/bloombergtv/

Connect with Bloomberg Business on:

X: https://twitter.com/business

Facebook: https://www.facebook.com/bloombergbusiness

Instagram: https://www.instagram.com/bloombergbusiness/

TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en

Reddit: https://www.reddit.com/r/bloomberg/

LinkedIn: https://www.linkedin.com/company/bloomberg-news/

More from Bloomberg:

Bloomberg Radio: https://twitter.com/BloombergRadio

Bloomberg Surveillance: https://twitter.com/bsurveillance

Bloomberg Politics: https://twitter.com/bpolitics

Bloomberg Originals: https://twitter.com/bbgoriginals

Watch more on YouTube:

Bloomberg Technology: https://www.youtube.com/@BloombergTechnology

Bloomberg Originals: https://www.youtube.com/@business

Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake

Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol

Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts