Commerzbank to cut 3,900 jobs, mainly in Germany

Commerzbank to cut 3,900 jobs, mainly in Germany, as it seeks to fend off UniCredit
Commerzbank said on Thursday it would cut 3,900 jobs and unveiled more ambitious financial targets as part of a strategy revamp designed to head off UniCredit's advances for a tie-up between the German and Italian lenders.
Germany's Commerzbank to cut 3,900 jobs to stave off any takeover bid by Italy's UniCredit
Thursday said that it would cut 3,900 full-time equivalent positions by 2028, as it looks to stave off any takeover bid by Italy's UniCredit.
Commerzbank to cut 3,900 jobs in Germany as it unveils ambitious 2028 targets
Commerzbank announced it will eliminate 3,900 full-time positions by 2028, largely in its native Germany, as it unveiled a spate of new strategic targets.
Commerzbank to Cut Jobs in Bid to Boost Returns and Fend off UniCredit
The lender plans to lay off around 9% of its workforce in a bid to boost returns and convince investors of its standalone prospects.
Commerzbank to cut 3,900 mostly German jobs as it tries to head off UniCredit
Commerzbank said on Thursday it would cut 3,900 jobs and unveiled more ambitious financial targets as part of a strategy revamp designed to head off UniCredit's advances for a tie-up between the German and Italian lenders.
Commerzbank to cut 3900 jobs
Commerzbank is to cut 3900 jobs over the next two years as it strives to slash costs and drive profits in the face of a hostile takeover bid by italy's Unicredit.
Commerzbank plans 3,900 job cuts while setting higher financial goals
Commerzbank (ETR:CBKG) announced on Thursday its plans to eliminate 3,900 jobs as part of a strategic overhaul aimed at countering UniCredit's attempts for a merger between the German and Italian banks.
Commerzbank plans job cuts, new targets to keep UniCredit away, sources say
Germany's Commerzbank is preparing staff cuts and revamped financial targets in its efforts to fend off tie-up advances by Italy's UniCredit , multiple people with direct knowledge of the plans told Reuters.
Commerzbank plans job cuts, new goals to fend off UniCredit
Germany's Commerzbank is upping the ante in exploring defense strategies to maintain a stand-alone strategy in the face of a potential takeover by Italy's UniCredit.Germany' s Commerzbank is reportedly preparing staff cuts in its efforts to fend off tie-up advances by Italian banking group,
Commerzbank Plans to Sell More SRTs in Corporate Loans Push
The bank’s corporate clients unit expects SRTs to help it cut €10 billion ($10.4 billion) in so-called risk-weighted assets ...
Commerzbank posts 20% hike in annual profit and launches new share buyback as it wards off UniCredit
Commerzbank on Friday unexpectedly released quarterly results, touting “record” annual profit and announcing a new share ...
Deutsche Bank Sticks to Its Buy Rating for Commerzbank (0RLW)
In a report released today, Benjamin Goy from Deutsche Bank maintained a Buy rating on Commerzbank (0RLW – Research Report), with a price ...
Commerzbank CEO Says EU Needs Bank M&A, But Banking Union First
Commerzbank AG Chief Executive Officer Bettina Orlopp said Europe needs bigger banks, but deals to create them will only make ...