Firm Spotlight
Commerzbank Corporates & Markets
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.
Corporates & Markets is globally active with its main offices in Frankfurt, London, New York, Hong Kong and Singapore.
COMMERZBANK CORPORATES & MARKETS ON HITC
Commerzbank Loses Victimization Case Of Woman Fired For Suing Deutsche Bank
An ex-Commerzbank director won her employment tribunal case against the German lender for firing her when it discovered she was suing her previous employer, Deutsche Bank, for sexual discrimination.
Commerzbank Cuts Bonuses as CEO Warns on Revenue
Commerzbank CEO Martin Blessing gave up his bonus for last year and cut the payouts by an average 17% across the firm, warning of higher costs and more pressure on revenue.
People News - BofA, Barclays, C Suisse, Goldman, RBC Capital Markets, Scotiabank, Commerzbank
Former Bank of America Corp managing director Johnny Williams is joining UBS AG as vice chairman for the Americas, according to a memo obtained by Reuters.
Commerzbank to Cut up to 6,000 Jobs Over 4 Years
Bloomberg's Caroline Hyde reports that Commerzbank AG will cut 4,000 to 6,000 jobs over the next four years to reduce costs and meet a profit goal.
Commerzbank to Cut 4,000 - 6,000 Jobs Across All Units
Commerzbank, Germany’s second- biggest bank, will cut 4,000 to 6,000 jobs over the next four years to reduce costs and meet a profit goal.
More Job Loss / Cost Cutting News
ING Groep NV, the biggest Dutch financial-services company, will cut 2,350 jobs in its banking and insurance units after reporting a 64% drop in third- quarter profit.
Commerzbank Can Appeal Dresdner Bonus Ruling
Commerzbank has won the chance to appeal a U.K. court ruling forcing it to pay about $64m in bonuses to 104 Dresdner Kleinwort bankers.
Commerzbank Said to Seek Custody Business Sale, Fidelity Sues For Name Infringement
Commerzbank is exploring the sale of its custodian business as CEO Martin Blessing reviews company strategy, according to people familiar with the matter.
Deutsche Offices Evacuated, Commerzbank Cooperates, UBS Wins
Forty Deutsche Bank employees from an office in the town of Schkeuditz, east Germany, are undergoing health checks after a letter containing a white powder was found at their building, local German police said on Friday.
FROM THE WEB
- Wall Street Journal: Is Commerzbank Axe Enough?
- Reuters: Commerzbank to shed more than 5,000 jobs: source
- Reuters: RPT-Fitch Assigns Commerzbank AG's Public Sector Pfandbriefe 'AAA(EXP)' Expected Ratings
- The Independent: Commerzbank AG
- Bloomberg: Commerzbank to Cut More Than 5,000 Jobs: Handelsblatt
- Reuters: EURO GOVT-Bunds rangebound as investors await Fed
- Reuters: German banks signal support for euro deposit guarantee scheme
- Reuters: European shares down in jittery pre-Fed trade
- Financial Times: Wall Street gains ground ahead of Fed decision
- uk.finance.yahoo.com: U.S. defence budget uncertainty clouds Chemring outlook
- Financial Times: Kabel among Europe gainers on Liberty offer
- Reuters: UPDATE 1-Banks hired for inaugural German Federal-regional bond
- Yahoo!: Dollar gains, world shares subdued as markets await Fed
- Reuters: GLOBAL MARKETS-Dollar gains, shares subdued as markets await Fed
- Yahoo!: Dollar, shares subdued as Fed keeps markets on edge
