Verdi Calls for BaFin Investigation into UniCredit’s Commerzbank Takeover Conduct

German trade union Verdi has filed a complaint with BaFin (German financial regulator) regarding UniCredit’s conduct in its attempted takeover of Commerzbank. The union criticizes UniCredit’s approach as damaging market confidence. Commerzbank disputes the Italian bank on a material point related to the acquisition process.

German Authorities Investigate Alleged Criminal Network Within Payment Infrastructure Involving Former Unzer Executive

An investigation into a criminal network that allegedly used the German payment industry as a vehicle for fraud, with involvement of former Unzer leadership. The scheme is referred to as ‘Operation Chargeback’ and involved creating a shadow system within the legitimate payment infrastructure. The accused parties deny involvement.

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