The German bank stressed ... of Commerzbank has been paused by snap elections in Germany, due to take place next month, and it will probably have to wait for a new government to form before ...

While trade finance is generally perceived as a low-risk business — the default rate for import and export letters of credit ...

Germany's Commerzbank will cut thousands of jobs as the bank battles to fend off a takeover bid from Italian banking giant UniCredit. About 3,900 full-time positions will be cut by the end of 2027 ...

Commerzbank , which last week announced job cuts in Germany as it fends off a takeover approach from Italy's UniCredit , has ...

"Now it's about lifting Commerzbank to the next level," Orlopp said. Andrea Orcel, the CEO of UniCredit, shocked Germany's corporate and political establishment last year when his Italian bank ...

German lender Commerzbank said Thursday it plans to cut about 3,900 jobs, around 10 percent of its workforce, seeking to fight off pressure for a tie-up from Italian bank UniCredit. The bank also ...

"This makes Commerzbank stronger and better." The job cuts, to be implemented by 2028, come after Germany's second-biggest bank booked a record profit in 2024. But the bank said they could be ...

Thursday said that it would cut 3,900 full-time equivalent positions by 2028, as it looks to stave off any takeover bid by ...

German lender Commerzbank said Thursday it plans to cut about 3,900 jobs, around 10 percent of its workforce, seeking to fight off pressure for a tie-up from Italian bank UniCredit. The bank also ...