MILAN, Nov 6 (Reuters) - UniCredit CEO Andrea Orcel said on Wednesday banks need to be more efficient and profitable and expressed confidence that "people will look at the facts" when weighing up ...

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UniCredit SpA Chief Executive Officer Andrea Orcel said he isn’t planning an imminent takeover bid for German rival Commerzbank AG, inserting a measure of calm into a tense cross-border standoff.

UniCredit SpA improved its outlook and posted results that exceeded expectations, providing a boost to Chief Executive Officer Andrea Orcel as he pursues a potential takeover of rival Commerzbank AG.

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