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Commerzbank hit with £37m fine over money laundering failures

(Sharecast News) - Commerzbank's London branch has been slapped with a £37.8m fine by UK regulators for failing to implement satisfactory anti-money laundering (AML) systems and controls between October 2012 and September 2017.

17 Jun 20 10:54

Europe open: Brexit uncertainty holds back German stocks

(Sharecast News) - Stocks have begun the week on the front foot, but only just, ahead of another key week in the UK Parliament and of multiple central bank decisions around the world, including in the US and Europe.

18 Mar 19 11:38

Commerzbank to announce 9,600 job cuts and suspend dividend

(ShareCast News) - Troubled German lender Commerzbank will reduce its workforce by 20% in the next few years by cutting 9,600 jobs, in an attempt to cut costs and boost profitability. In addition, the revamp prompted by CEO Martin Zielke is likely to be funded by the withdrawal of the company's annu

29 Sep 16 10:05

Commerzbank planning up to 2,000 job cuts - reports

(ShareCast News) - Germany's second largest bank Commerzbank has begun preparing a cull of up to 2,000 jobs as it revamps its efforts to combat low interest rates and low demand for loans, according to reports. Initially employees were told that 1,500 jobs would be lost as a result of the restructur

22 Sep 16 14:54

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