Commerzbank CEO Bettina Orlopp addresses shareholders during the annual general meeting of Germany's Commerzbank bank, on May 20, 2026 in Wiesbaden, western Germany. Commerzbank plans to fend off a hostile takeover by Italy's UniCredit with job cuts and higher profit targets. The Frankfurt-based bank announced earlier in May 2026 that it will cut a further 3,000 jobs by 2030 and raised its business targets. Lower costs and higher profits are driving up the share price, making a potential takeover more expensive. (Photo by Kirill KUDRYAVTSEV / AFP via Getty Images)

Commerzbank CEO Bettina Orlopp addresses shareholders during the annual general meeting of Germany's Commerzbank bank, on May 20, 2026 in Wiesbaden, western Germany. Commerzbank plans to fend off a hostile takeover by Italy's UniCredit with job cuts and higher profit targets. The Frankfurt-based bank announced earlier in May 2026 that it will cut a further 3,000 jobs by 2030 and raised its business targets. Lower costs and higher profits are driving up the share price, making a potential takeover more expensive. (Photo by Kirill KUDRYAVTSEV / AFP via Getty Images)

TOPSHOT - In this aerial view from an airplane, Apple's corporate headquarters office is seen in Cupertino, California on May 19, 2026. (Photo by JOSH EDELSON / AFP via Getty Images)

TOPSHOT - A protester lies on the road next to barricades and stones used to block traffic on a main highway during a nationwide transport strike over rising fuel prices in Nairobi on May 18, 2026. Public transport was largely shut down and protesters barricaded roads in Kenya on May 18, 2026 as a strike was called over a fuel price hike triggered by the Middle East war. Kenya is one of many African countries dependent on fuel imports from the Gulf, and heavily hit by Iran's effective closure of the Strait of Hormuz through which a fifth of the world's oil normally passes. (Photo by Luis TATO / AFP via Getty Images)

TOPSHOT - This aerial view shows a cargo ship containers sailing from the port in Qingdao, in China's eastern Shandong province on May 19, 2026. (Photo by CN-STR / AFP via Getty Images) / China OUT

Commerzbank CEO Bettina Orlopp poses for pictures prior to the annual general meeting of Germany's Commerzbank bank, on May 20, 2026 in Wiesbaden, western Germany. Commerzbank plans to fend off a hostile takeover by Italy's UniCredit with job cuts and higher profit targets. The Frankfurt-based bank announced earlier in May 2026 that it will cut a further 3,000 jobs by 2030 and raised its business targets. Lower costs and higher profits are driving up the share price, making a potential takeover more expensive. (Photo by Kirill KUDRYAVTSEV / AFP via Getty Images)

Commerzbank CEO Bettina Orlopp poses for pictures prior to the annual general meeting of Germany's Commerzbank bank, on May 20, 2026 in Wiesbaden, western Germany. Commerzbank plans to fend off a hostile takeover by Italy's UniCredit with job cuts and higher profit targets. The Frankfurt-based bank announced earlier in May 2026 that it will cut a further 3,000 jobs by 2030 and raised its business targets. Lower costs and higher profits are driving up the share price, making a potential takeover more expensive. (Photo by Kirill KUDRYAVTSEV / AFP via Getty Images)

Employees demonstrate with an installation of symbolically closed personnel files in front of the venue where is taking place the annual general meeting of Germany's Commerzbank bank, on May 20, 2026 in Wiesbaden, western Germany. Commerzbank plans to fend off a hostile takeover by Italy's UniCredit with job cuts and higher profit targets. The Frankfurt-based bank announced earlier in May 2026 that it will cut a further 3,000 jobs by 2030 and raised its business targets. Lower costs and higher profits are driving up the share price, making a potential takeover more expensive. (Photo by Kirill KUDRYAVTSEV / AFP via Getty Images)