Commerzbank

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.

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LATEST

Commerzbank CEO won't extend contract

exit

Martin Blessing, who led Commerzbank for seven years, won’t extend his contract when it expires in 2016, becoming the latest CEO to join an unprecedented wave of management changes at Europe’s banks.

Judge approves Commerzbank sanctions deal

Gavel

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.

HOT LIST

BofA, CIBC, Deutsche, Citigroup, Commerzbank, Schroders

Financial News Reports that Bank of America plans to grow the profits it makes out of its corporate and investment banking activities by nearly half in the next five years. The bank wants to get another $10bn in revenues and $3bn in profits out of the unit by 2011.

Flashing Banker Jailed, 'Super Bank' Rumours

The Daily Mail reports that 31 year-old Aldous Voice, said to be an Associate Director in FX with a major City bank, was sentenced to four months in clink last week, after admitting endangering the safety of a helicopter by flashing a five million candle power lamp from his kitchen window.

Top Firm Said Able To 'Clawback' Cash Bonuses Too

The Sunday Telegraph reports that Credit Suisse has told Managing Directors across the group, and directors and above over at its investment banking unit, that, under the terms of its new compensation scheme, it will be able to 'clawback' some, or all, of their cash bonuses should they leave or are fired (presumably with cause) within 2 years of the payout date.

Commerzbank Pulls Plug On Jupiter Sale

Money.telegraph reports that Commerzbank has called off the sale of its Jupiter asset management unit, claiming that difficult trading conditions has meant that serious and acceptable offers had not been forthcoming.

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Commerzbank chooses new CEO

Commerzbank chose Martin Zielke, the insider who overhauled its consumer-banking unit, to succeed Martin Blessing as chief executive officer.