Germany's Commerzbank is preparing staff cuts and revamped financial targets in its efforts to fend off tie-up advances by ...

The bank’s corporate clients unit expects SRTs to help it cut €10 billion ($10.4 billion) in so-called risk-weighted assets ...

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

The job cuts are expected to number between 3,000 and 4,000 people out of a workforce of about 42,000 employees.

Commerzbank has announced cost-cutting measures to stave off any takeover bid by Italy's UniCredit that the German lender says would lead to much more drastic job cuts.

The bank's current strategy plan through the year 2027 was first published in 2023. Last September, weeks after UniCredit disclosed its interest, Commerzbank ratcheted up some of those targets.

German lender Commerzbank has announced plans to axe 3,900 full-time equivalent (FTE) positions by 2028, primarily within Germany. The move is part of the bank’s strategic revamp amid a hostile ...

The lender plans to lay off around 9% of its workforce to boost returns and convince investors of its standalone prospects.

The new Commerzbank CEO has unveiled her strategy for the coming years. With restructuring and cost reductions, business processes are set to be streamlined, making the bank leaner and more efficient.