Andrea Orcel's move on Commerzbank angers Berlin

Andrea Orcel's bold attempt to target Commerzbank caused a stir in Germany. On Friday, the government responded promptly. By announcing that it would not sell any further shares of the credit institution for the time being, the federal government thwarted UniCredit's takeover efforts regarding Commerzbank, Germany's second-largest publicly listed bank. For Orcel, this represents a setback, raising the question of whether he can overcome the political challenges endangering what is arguably the most ambitious undertaking of his career.