Commerzbank has reached an agreement with BNP Paribas on the sale of its 'Depotbank' business.
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.
German Finance Minister Wolfgang Schaeuble has spoken to the chairman of UBS about the possibility of the bank buying the government's remaining stake in Commerzbank.
Commerzbank, the biggest loser on Germany’s benchmark DAX Index this year, has recently steepened its decline because of unfounded speculation about risks in its shipping portfolio, said Chief Financial Officer Stephan Engels.
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As part of the strategic agenda announced in November 2012, the Commerzbank will cut a total of 5,200 full-time equivalents by 2016.
Not good if you work there.
Now you have it, now you don't.
Commerzbank has said it won’t appeal a U.K. court ruling that paves the way for 104 bankers to recover $66m in bonuses after four years of legal skirmishing.
HSBC has said first-quarter profit almost doubled, beating analyst estimates, as bad debts declined and it cut costs.
The Court of Appeal ruling on a dispute between 104 London-based bankers and Dresdner Kleinwort (now part of Commerzbank) over a guaranteed minimum bonus pool of $521m has been handed down, says GQ Employment Law, the specialist employment law firm.
Here's the latest on the 'Movers & Shakers' front.
Deutsche Bank has released details on pay for 2011.
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.
One of our team just tried to call up a contact at HSBC Investment Bank. Using the switchboard (as usual) proved a disaster. He hung up twice because he was was fed up waiting for the phone to be answered, but managed to get through on the 19th ring on the third occasion.
Commerzbank Corporates & Markets has announced it has hired Andrew Readinger as Global Head of Financial Institution Sales and promoted Thomas Deppe to Global Head of Corporate Sales.
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 Corporates & Markets (C&M) has announced that it has made a number of hires across its Asian business.
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.
Commerzbank must pay $65m to 104 bankers at its now-defunct Dresdner unit after a U.K. appeals court refused to overturn a judge’s decision that the German lender must honor its promises on bonuses.
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, 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.