Tag: Commerzbank
Could Wirecard have been exposed earlier? – Business
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,…
Wirecard: A former Commerzbank employee asks critical questions – economy
The Wirecard disaster cost Commerzbank almost 200 million euros. The management did not make any mistakes, according to the bank. A former employee may not believe that. Of Meike Schreiber,…
Commerzbank – Around 50 fewer branches – Economy
Commerzbank is further reducing its branch network in Germany. Instead of 450 locations, the Management Board is now only relying on a good 400 branches, as became known after consultations…
400 branches in the future: Commerzbank will close another 50 branches
Status: 09/30/2022 3:06 p.m Commerzbank continues to shrink its branch network in Germany: Instead of 450 locations, the board is only relying on 400 branches. According to ver.di, there will…
Commerzbank plans billions in profit – economy
Despite an impending economic downturn, Commerzbank believes in billions in profits in 2022 and can continue to rely on the state as a strong anchor shareholder. “The federal government is…
Lindner against a quick exit: the federal government will initially retain Commerzbank shares
Status: 08.09.2022 11:08 a.m Finance Minister Lindner is not planning a quick federal exit from Commerzbank. He stressed that the government is very satisfied with the development of the bank.…
How banks indirectly benefit from the government relief package – Economy
Some economists criticized the federal government’s latest aid package on Monday “with the watering can”. One accusation is that the reduction in electricity prices would also benefit households with higher…
Commerzbank surprises with significant profit increase – Economy
More profit than expected, significantly lower costs: The restructuring of Commerzbank under CEO Manfred Knof is progressing. However, Germany’s second-largest private bank is cautious about the outlook for business in…
Possible bottlenecks in industry: Commerzbank warns of gas risks
As of: 08/03/2022 3:23 p.m Massive job cuts and branch closures lead to surprisingly high profits at Commerzbank. But the energy crisis is causing concern for the financial institution –…
Commerzbank: Chief Risk Officer leaves – economy
Commerzbank is reorganizing the management again: in the future, a banker from Austria will be responsible for human resources. Risk chief Chromik, during whose time the loss-making loan to Wirecard…