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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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.

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Pair Of Scissors

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.

The Comedy Bank - No One's Laughing Any More

Commerzbank has had a torrid time of it in the last few years. A record annual loss in 2003, followed by the shake up of its investment banking unit a year later. The unit significantly shrunk its London presence, closed its prop trading desks, cut back in New York, and pulled out of Toyko. Some staff were even said to have been canned over a internal TV hook-up! Commerzbank became known as the 'comedy bank' to staff and outsiders alike. But very few are laughing now.

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