Commerzbank AG Sets Aside $745 Million to Fund Job Cuts Commerzbank AG will pay this amount as the lender is gearing up to cut up 2,300 positions between 2021 and 2024.
Commerzbank Misses Q3 Estimates, Losses Deepen to €69 Million The overall loan loss provisions for the quarter jumped to €272 million.
Commerzbank Secures Manfred Knof as Chairman and CEO Knof will be succeeding Martin Zielke, the current CEO of Commerzbank.
Michael Mandel Resigns from Commerzbank after 18 Years Mandel will step down from his position on the 30th of September 2020.
Commerzbank AG Expects to Close 2020 in Red, Hurt by Wirecard Scandal The German lender has revised its forecast for 2020, now expects to report a net loss for the year.
CySEC Fines Commerzbank AG €650K for Cyprus Popular Bank Deals The regulator has completed its investigation into market manipulation between Commerzbank & CPB.
Commerzbank and DekaBank Join Trad-X D2C Derivatives Platform The dealer-to-client derivatives trading platform was launched at the beginning of this year.
Qatari Investors Express Opposition to Deutsche Bank Merger Investors from the Gulf nation have already seen their holdings decline in value by two thirds
Deutsche Bank Vows to End Declining Revenues in 2019 The bank believes it can achieve a “slight” increase in revenues in 2019.
Deutsche Bank CEO Sees Cause for Commerzbank Merger, Source Says The CEO reportedly believes a merger between the two German firms could produce multiple benefits.
Deutsche Bank Seeks Merkel’s Approval for Commerzbank Merger The firm wants assurance that the government will back potential job cuts as a result of the merger.
Unionists Push Back Against Deutsche Bank – Commerzbank Merger The labor representatives say the merger will kill 30,000 jobs
Deutsche Bank May Be Forced to Merge with Commerzbank A series of scandals and poor financial results means the firm may be forced to merge with its rival
Natixis, Rabobank Perform Commercial Paper Trade Over Blockchain Worth EUR 100,000, the deal was carried out using R3's Corda.
Commerzbank AG Fined $12 Million for Swap Dealing Violations The firm has been charged by the CFTC with failing to supervise its swap dealing activities.
LMAX Exchange Appoints New Global Head of Institutional Sales The appointment of Roland White follows the strengthening of LMAX's global sales coverage.
FX Veteran, Steffen Berner Joins LBBW’s Capital Markets Unit Berner joins LBBW after working nearly a decade in the FX space at Commerzbank
Commerzbank Stays the Course, Portends 7,800 Job Cuts in Restructuring Move 7,600 more workers will be out of work as Commerzbank takes a 'lean and mean' approach in 2017.
Commerzbank to Cut 10,000 Jobs Amid Thin Profit Margins The German lender is the latest bank to announce job cuts to tackle weak profits and low interest rates.
Commerzbank to Embark on Targeted Job Cuts to Restore Profitability Commerzbank has announced a number of cuts and a new role for Stefan Schmittmann.