Search Results for: Commerzbank AG
Commerzbank sues BNY Mellon, Wells Fargo, HSBC over mortgage losses
December 28th, 2015
Commerzbank AG has sued four banks in the United States, claiming that they failed to properly monitor billions of dollars in toxic mortgage-backed securities acquired by the German lender before the 2008 financial crisis. Bank of New York Mellon ...
Oil markets are one outage away from crisis
September 23rd, 2019
The supply disruptions in the oil market may not be over, despite volatility and prices easing in the days after the Abqaiq attack. The repairs at the Abqaiq processing facility are on an extremely tight timetable. According to Bloomberg, ...
Deutsche Bank explores merger with Commerzbank: reports
June 8th, 2018
Deutsche Bank AG’s Chairman Paul Achleitner is considering a merger with rival Commerzbank AG and is speaking with top investors and government officials about the potential tie-up, Bloomberg reported late Thursday. Sources told the news outlet there have been ...
Coffee, corn tempt hedge funds to extend bullish ags spree
November 15th, 2016
Hedge funds lifted their bullish positioning in ags to the highest in four months, fuelled by a record-high net long in coffee, and a sharp cut in bearish bets on corn – which could create potential for fresh selling. ...
Commerzbank CET 1 Capital Ratio Increased to 11.8%
November 4th, 2016
Operating profit of €429 m for third quarter 2016 compared to €351 m for second quarter 2016 (Q3 2015: €452 m) CET 1 capital ratio increased to 11.8% as of end of September 2016 (end of June 2016: 11.5%; ...
Commerzbank eyes at least 5,000 job cuts
September 23rd, 2016
Commerzbank AG’s management is eyeing cuts of at least 5,000 jobs, or more than 10% of its workforce, and eliminating one of its units as part of a broader overhaul to address weak profitability amid low interest rates and ...
Commerzbank, Deutsche Bank Shares Rise on Report of Potential Merger
August 31st, 2016
Shares in Commerzbank (CRZBY) and Deutsche Bank (DB) rose on Wednesday after Manager Magazin reported news of a potential merger of Germany’s two leading lenders. The weekly news publication said Deutsche Bank is “moving towards until now unthinkable options with ...
European stocks dragged lower
May 4th, 2016
European stocks capped their worst three-day decline since February as miners plunged and lenders fell on earnings reports. By the close in Dublin, the ISEQ Overall Index was down 1.94pc, or 119.25 points, to end the trading day at ...
Saudi Arabia Said to Ban Betting Against Its Currency
January 21st, 2016
Central bank said to give directive at Jan. 18 Riyadh meeting Riyal forwards jump to highest in at least 2 decades in Jan. Pressured by plunging oil prices and costly wars in the Middle East, Saudi Arabia moved to ...
Volkswagen bigger risk for Germany than Greek crisis
September 24th, 2015
Volkswagen could pose bigger threat to German economy than Greek crisis The Volkswagen (VOWG_p.DE) emissions scandal has rocked Germany‘s business and political establishment and analysts warn the crisis at the car maker could develop into the biggest threat to ...
