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29 Sep 2016

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.

22 Jun 2016

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.

03 Aug 2015

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.

20 Nov 2014

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.

30 Sep 2014

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.

08 Jul 2014

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.

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