Wednesday, 19 January 2022

Tag Archives: Commerzbank

ECB concerned about Commerzbank strategy

FRANKFURT: Supervisors at the European Central Bank have conducted a special audit of Commerzbank’s  business plans until 2021 and discovered major weaknesses, a German newspaper reported on Friday. The Sueddeutsche Zeitung, citing unnamed supervisory sources, said the ECB was particularly concerned about the German lender’s business for corporate clients, an ...

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Deutsche Bank, Commerzbank increasingly open to merger

BERLIN: Executives of Deutsche Bank and Commerzbank are increasingly open to the idea of a merger of Germany’s two largest banks, magazine Der Spiegel reported on Tuesday. It cited one person as saying that Commerzbank Chief Executive Martin Zielke “would rather do it today than tomorrow”, but that new Deutsche ...

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Commerzbank plans stronger private clients push

FRANKFURT: Commerzbank plans to step up its expansion drive by making a stronger push on private and small business customers, a board member told a German newspaper. The company, which reported forecast-beating second-quarter results this week, faces margin pressure in the private customer’s credit and securities segment, Michael Mandel said ...

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