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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Commerzbank profit rises, says overhaul on track

Track Cycling

Commerzbank posted a 15 percent rise in quarterly net profit as it set aside less cash to cover ailing loans held in its restructuring division, saying the strategic overhaul of the group was on track.

BNP Paribas CEO talks on big takeovers

Mouth - Julia Freeman-Woolpert

BNP Paribas has ruled out big takeovers like Commerzbank as it builds its presence in specialised banking businesses in Germany over the next three years, the French lender's CEO said on Wednesday.


Cityboy Uncovered - He Worked At.............

Yep, that 'brash, suited FT-carrying idiot' has been outed. Writing this last couple of years for the londonpaper under cover of 'City Boy', he has now revealed his true identity. Cityboy spent the last 8 or so years of his City career at Dresdner Kleinwort, where he was a top-rated research analyst.

Firm Says 2,200 HQ Staff Will Go

Bloomberg reports that Commerzbank has confirmed that it is to eliminate some 2,200 staff from its Frankfurt HQ headcount following the acquisition of Dresdner Bank and investment banking arm Dresdner Kleinwort. Staff numbers will come down to around 9,200.

More Bank Merger / Deal Rumours Surface

Reuters reports that shares in Barclays Bank finished at a record high Friday on rumours of that impending Bank of America bid - despite the news that Barclays outgoing chairman Matt Barrett sold 2.3 million shares Thursday (something that he would not have been allowed to do if a bid approach had been made).

'Suicidal' Trader Settles £1m Bank Stress Case

Reuters reports that 36-year-old trader Helen McNallen has settled her £1m damages claim against Commerzbank for suspending her in January 2000 after she went home early one day as she was allegedley suffering from stress. Unfortunately she is said to have left a trading position open and, when the market went against her, it is claimed that the German bank faced a loss of around £4m. Subsequent trading did, however, significantly reduce this loss to about £2m.