Dusseldorf The German stock market is slightly down at the start of the week. the dax loses 0.2 percent by the close of trading and falls to 15,126 points. Since January 12, the Dax has moved sideways in a range between 15,270 points on the top and 14,906 points on the bottom. In the past week of trading, the range was even just over 200 points, unusually low. According to an old stock exchange rule, the longer such "quiescent phases"...
Dusseldorf The German stock market is slightly down at the start of the week. the dax loses 0.2 percent by the close of trading and falls to 15,126 points. Since January 12, the Dax has moved sideways in a range between 15,270 points on the top and 14,906 points on the bottom. In the past week of trading, the range was even just over 200 points, unusually low. According to an old stock exchange rule, the longer such "quiescent phases"...
Bank branches open on weekends have become a rarity. Commerzbank is registering more branch visits again - and is therefore considering extended opening hours. By Jan Plate. more Read the message at www.tagesschau.desource site
HomeBusinessmoneyfinance:FDP man Christ should go to CommerzbankNov 24, 2022 at 7:06 p.mFrom Reuters, Berlin/FrankfurtAccording to insiders, the former FDP treasurer and long-time banker Harald Christ will move into the Commerzbank supervisory board in 2023. The Ministry of Finance wanted to send the 50-year-old there as a representative of the federal government, people familiar with the matter told the Reuters news agency. Of the mirror had previously reported. In the past, Christ has worked for the building society BHW, Deutsche Bank...
comment by Meike Schreiber, FrankfurtJens Weidmann is undoubtedly suitable to take over the chairmanship of the supervisory board of Commerzbank. As the head of the Bundesbank for many years, he has a feel for the capital markets and is sufficiently familiar with financial supervision. He was also right in the middle of the financial crisis as economic policy advisor to Angela Merkel, which was also valuable experience. In this respect, it is a pleasing personal feature for Commerzbank - even...
Status: 11/21/2022 10:14 am There are signs of a spectacular change at the top of the Commerzbank supervisory board: ex-Bundesbank boss Weidmann is to become chief controller at the partially nationalized bank. What do you think of it? Is Weidmann the right person to chair the supervisory board at Commerzbank? Volker Brühl, Managing Director of the Center for Financial Studies at Frankfurt's Goethe University, is skeptical: "A former central banker does not necessarily have the profile of a supervisory board...
Nobody in the financial world would have believed that Jens Weidmann would be retiring at the age of 54 when he surprisingly resigned as President of the Bundesbank and member of the ECB Council a good year ago. In this respect, speculation immediately made the rounds that he could, for example, become the head of the supervisory board at Deutsche Bank. Someone else took over this important post; it would also have been too early for him, because the Bundesbank...
If Manfred Knof, CEO of Commerzbank, complains about what he sees as strict banking regulation, then something must really be wrong. "Even now in the crisis", "the regulatory train continues unabated", said the bank manager this week at a conference in Frankfurt. "New requirements and new bureaucratic obstacles" would be created. "Just as if nothing had happened. It can't go on like this." Aha. Just like nothing happened? Has the Commerzbank boss forgotten that the general public had to save...
Despite a slump in profits in the third quarter of this year, Commerzbank is heading for a surplus of more than one billion euros. In the first nine months, the institute already earned 963 million euros, despite high burdens in Poland, as announced on Wednesday. That was more than what analysts expected on average. Thanks to the rise in interest rates, CEO Manfred Knof expects net interest income to rise to more than six billion euros this year. In the...
Commerzbank has long been one of Wirecard's most loyal supporters. In the spring of 2018, Germany's second largest private bank even organized a 1.75 billion euro loan from 15 banks, to which it contributed 200 million. When Wirecard went bankrupt in 2020, the money was gone. Not only authorities and auditors have failed: Wirecard might have been caught earlier if the banks had also seriously followed up warnings.On the right trackThe fraud department at Commerzbank was on the right track...
