Sad to report.
Commerzbank Corporates & Markets (C&M) is the integrated Corporate and Investment Banking division of Commerzbank AG, providing corporate and institutional clients with a comprehensive range of commercial and investment banking products.
Commerzbank's third-quarter net profit tripled to 225 million euros as earnings in its retail and corporate banking units rose and costs for bad loans fell, in a sign that the bank's turnaround plan was gaining traction.
40% - 60% of London FIC staff may be affected.
The largest ever number of the City's fiercest competitors took to the streets of the capital on Thursday night for the Bloomberg Square Mile Relay - the ultimate corporate relay running race - officially started this year by Olympic legend Michael Johnson.
Commerzbank is nearing agreement with U.S. authorities over its dealings with Iran and other countries under U.S. sanctions, sources familiar with the matter said.
Commerzbank accelerated the clean up of unwanted assets and posted an increase in second-quarter earnings due in part to a fall off in bad loans.
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Commerzbank will probably be the next bank to resolve alleged U.S. sanctions violations, a person with knowledge of the matter said.
Commerzbank is moving its mergers and acquisitions operations from the U.K. to focus on German clients, according to three people with knowledge of the matter.
Martin Blessing is one of the most resilient bank chiefs in Europe. He has remained at the top of Commerzbank since 2008 even after an ill-fated takeover, a record loss and a writedown on Greek debt.
Commerzbank must pay bonuses to 10 bankers in Singapore at its now-defunct Dresdner unit, who claimed the lender breached their contracts by refusing to pay, a judicial official ruled.
Commerzbank sold $3.2bn of commercial real estate loans to Oaktree Capital and JPMorgan, making headway with its plan to reduce riskier assets.
Commerzbank Corporates & Markets (C&M) has hired Benjamin Melzer as Head of Financial Institution Sales Germany / Austria / Switzerland.
Commerzbank on Wednesday said it had suspended two foreign exchange traders under suspicion of having attempted to manipulate euro/zloty prices in regular trading.
Commerzbank came out Wednesday and confirmed that it was following WestLB's lead, and not paying discretionary bonuses to staff for their work in 2008.
Commerzbank's investment banking division saw a 40% increase in operating profit in the first quarter, driven primarily by a surge in debt and currency trading, the bank said on Thursday.
The German government has blocked a plan by Commerzbank to pay bonuses to its top staff worth double their basic salary.
Commerzbank and government lawyers gained federal court approval of a $1.45bn agreement to defer prosecuting the lender for violating U.S. laws, including sanctions on doing business with Iran and Sudan.