For the past two decades, European banks have lurched from crisis to crisis, leading to government bailouts and stifling the sector's growth.
UniCredit has said it wants to amass even more shares in Commerzbank, raising speculation that Europe may see its first significant cross-border deal since 2007.
In the long-run we believe a tie-up between the two is the most likely outcome, Borja Ramirez Segura, an analyst at Citi, wrote in a note to clients.
German politicians and union bosses stand in the way. Unfriendly attacks, hostile takeovers are not a good thing for banks, said Olaf Scholz, the German chancellor.
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