Commerzbank says to cut 9,600 jobs by 2020
Germany`s second largest lender Commerzbank said on Thursday it plans to cut 9,600 jobs, or one-fifth of its workforce, by 2020 and withhold dividends to pay for a 1.1-billion-euro restructuring.
Sep 29, 2016, 15:45 PM IST
ECB launches new round of ultra-cheap loans for banks
The European Central Bank on Wednesday launched a new round of ultra-cheap loans for banks in a fresh move to kick-start sluggish credit in the single currency area.
Jun 22, 2016, 20:50 PM IST
Commerzbank hails 'turnaround' as profits almost triple
Germany's second biggest banking group Commerzbank said today its second-quarter profits had almost tripled, pushed up by higher revenue and a lower tax bill.
Aug 03, 2015, 20:49 PM IST
Commerzbank hits customers with negative interest rates
Commerzbank, Germany`s second-biggest lender, announced Thursday that it will start charging large corporate customers and institutional investors to hold a high level of deposits on their accounts.
Nov 20, 2014, 17:37 PM IST
Commerzbank under US probe for money laundering
Germany`s second largest bank Commerzbank is under investigation in the United States for violating money-laundering rules, a source close to the case told AFP Tuesday.
Sep 30, 2014, 21:55 PM IST
US in sanctions talks with Commerzbank and Deutsche
The talks with state and federal authorities have just begun, a source with direct knowledge of the regulatory investigations told Reuters.
Jul 08, 2014, 16:39 PM IST
