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Roula Khalaf, Editor of the FT, selects her favorite stories in this weekly newsletter, including the surprise move by UniCredit to acquire a 9% stake in Commerzbank, potentially opening the door to long-awaited consolidation in European banking. UniCredit’s stakebuilding has faced resistance from powerful German unions, with a senior official vowing to fight any takeover attempts. The disclosure of UniCredit’s stake comes as Commerzbank announces the departure of its CEO, sparking speculation about the future of the bank.
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