Italy's UniCredit bought a stake of nearly 4.5% in Germany's Commerzbank for 702 million euros that was sold by the German government, the German government's finance agency announced on Wednesday.
The German government's plans to reduce its stake in Commerzbank after bailing the bank out during the global financial crisis is a positive signal that business is back to normal, its deputy chairwom
The German government plans to cut its stake in Commerzbank as it seizes on a recent share rally to initiate an exit from the lender it rescued over a decade ago. The country's finance agency, which
Deutsche Bank Chief Executive Christian Sewing told a banking conference on Wednesday that he was concentrating on Deutsche Bank, not on the German government's plan to reduce its stake in Commerzbank
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include cover
Commerzbank AG (OTCPK:CRZBF) Q2 2024 Results Conference Call August 7, 2024 3:00 AM ET Company Participants Manfred Knof - CEO Bettina Orlopp - CFO Conference Call Participants Benjamin Goy - Deutsche
Commerzbank CFO Bettina Orlopp says the bank is in a good position even if there are more rate cuts from the ECB.
Germany's Commerzbank said on Wednesday that net profit fell 4.8% in the second quarter, in line with expectations, and it confirmed its full-year targets.
A Russian court has ordered that Commerzbank assets worth 94.9 million euros ($101.86 million) be awarded in damages to a company overseeing construction of a gas processing plant in northwest Russia,
Commerzbank reported record Q1 2024 earnings with higher net interest income and fee income, leading to a strong capital ratio. Despite improved efficiency and profitability, Commerzbank's valuation i
Swedish climate fintech startup Doconomy told CNBC it's raised 34 million euros ($36.9 million) in a Series B round co-led by the venture arms of UBS and CommerzBank. Founded in Sweden in 2018, Docono
(Kitco News) - Western investors appear to be finally having a positive impact on the gold market, or at the least, they are not getting in the way of higher prices, according to one market analyst.
A St Petersburg court has seized over €700 mln ($773 mln) worth of assets belonging to three western banks — UniCredit, Deutsche Bank and Commerzbank — according to court documents, the Financia
Germany's Commerzbank said on Wednesday that net profit rose 29% in the first quarter, its strongest quarterly profit in a decade, and it raised its outlook for net interest income for the full year.
A German financial regulator has reportedly fined Commerzbank $1.5 million for anti-money laundering violations. BaFin said Monday (April 11) that the bank failed to update customer data on time
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