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

Commerzbank plans to axe 3,900 mostly local jobs to help it deliver more ambitious profit targets as part of its strategy to ...

Germany's Commerzbank on Thursday said it was preparing staff cuts in its efforts to fend off tie-up advances by Italian ...

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

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 as Italy’s ...

Commerzbank plans to cut 3,900 jobs in Germany while maintaining overall employee numbers through international hiring. The strategy revamp aims to fortify against UniCredit's tie-up attempts. The ...

Commerzbank plans to cut thousands of jobs and set new targets in a bid to convince investors it can remain independent as Italy's UniCredit shows interest in a potential tie-up, Reuters reports ...

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

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.

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