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WIESBADEN (Reuters) -Commerzbank's chief executive and hundreds of employees voiced support for the German lender's standalone strategy as its shareholders met on Thursday, stepping up efforts to fend ...
Commerzbank generates over 70% of its operating income in the highly competitive German market, where banks without profit-maximizing motives (savings and cooperative banks) dominate the retail ...
The German lender reported its ‘best quarterly result since the first quarter of 2011’ as it attempts to fend off Unicredit’s takeover efforts. Germany’s Commerzbank posted better-than ...
Analysts had expected a drop in first-quarter profit Commerzbank shareholder meeting scheduled next week Italian lender UniCredit has pushed for a tie-up towards a potential pan-European bank ...
Commerzbank AG will rely on significant risk transfers to make more money from lending to companies. The bank’s corporate clients unit expects SRTs to help it cut €10 billion ($10.4 billion ...
Commerzbank CBK-1.79%decrease; red down pointing triangle plans to cut thousands of jobs in a bid to boost profitability and shareholder returns as it fends off an unwanted approach from Italy’s ...
Commerzbank has announced cost-cutting measures to stave off any takeover bid by Italy's UniCredit that the German lender says would lead to much more drastic job cuts. Germany's Commerzbank on ...
Lifts key targets Shares up 1.8% after big gains in recent months Bank to beef up staff internationally The job cuts are expected to take place by 2028 but will be accompanied by hiring outside ...
The lettering "Commerzbank" can be seen on the Commerzbank Tower in the center of the banking city. Helmut Fricke/dpa Germany's Commerzbank has demanded a formal written proposal amid a potential ...
Commerzbank CBK0.83%increase; green up pointing triangle lifted its full-year guidance for some key metrics and said its strategy is paying off, as UniCredit UCG 0.18%increase; green up pointing ...
Despite an openness to cross-border mergers, Germany has pushed back against talk of the Italian lender UniCredit’s acquiring Commerzbank. By Melissa Eddy and Bernhard Warner Melissa Eddy ...
The lettering "Commerzbank" can be seen on the Commerzbank Tower in the center of the banking city. Helmut Fricke/dpa The new chief executive of Germany's Commerzbank on Monday warned that a ...