Margot Patrick

Italian bank UniCredit is edging closer to its goal of taking over German rival Commerzbank, a landmark deal that would create a pan-European financial giant.

Europeans got richer last year, but they're still not even halfway to the average wealth enjoyed by Americans, according to UBS's Global Wealth Report. European average wealth per adult last year was $337,083, compared with $696,277 in the U.S. Year on year, wealth gain was 17% in Western Europe an

Italian banker Andrea Orcel did something few thought possible: He outsmarted the Germans on their home turf.

UniCredit on Wednesday said it likely won voting control of Commerzbank shares, after building its stake to just under 50% in an open tender offer.

Swatch Group saw a 9% surge in sales in the first half, helped by demand for its co-branded Audemars Piguet watches that sparked riots in May. But its shares slipped. In U.S. dollars, net profit came in at l

Live updates on markets and the top finance, economics and business stories. Plus the latest on oil prices, the Dow, S&P 500 and Nasdaq.

Nestlé had to hike prices on its popular Starbucks-branded coffee pods in the U.S. this year because beans got so much more expensive. That curbed sales, at least temporarily, and contributed to lower-than-expected growt

The problems for Mark Walter's sprawling sports and finance empire began with an internal whistleblower complaint.

Authorities are examining about $16 billion in private-credit deals involving Mark Walter’s insurance companies to determine whether fraud occurred.

When the Los Angeles Dodgers celebrated on the field after winning the World Series in October 2024, there was one person notably missing from the festivities: Mark Walter, the team's owner.