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COMMERZBANK OF GERMANY
Indian Bank raising $400 million in overseas loan; syndication underwayIndian Bank has embarked on a significant financial undertaking by securing a four-year loan worth $400 million, underwritten by CTBC of Ta...- Euro zone bond yields tick higher as oil remains elevated; eyes on ECBEuro zone government bond yields are rising as oil prices remain elevated. This situation threatens inflation outlook and supports tighter ...
- Global Market | European shares inch up as investors assess US-Iran agreementEuropean stock exchanges kicked off the day with a bullish trend on Tuesday, riding the wave of Monday's upward momentum. Market participan...
- Europe is finally, slowly getting its act togetherEurope stands on the brink of a pivotal transformation, launching a set of ambitious reforms aimed at revitalizing its economy and global f...
- Euro zone yields steady, investors eye US inflation data, heavy bond salesEuro zone government bond yields were steady in early Monday trade, with investors awaiting data on the Federal Reserve's preferred inflati...
- Commerzbank to cut 3,900 jobs, mainly in Germany, as it fends off UniCreditCommerzbank announces it will cut 3,900 jobs in Germany by 2028 while hiring abroad. The bank aims for financial targets with a revised 202...
- Commerzbank plans job cuts, new targets to keep UniCredit away, sources sayGermany's Commerzbank plans to cut several thousand jobs and set new financial targets to fend off a takeover by Italy's UniCredit. The CEO...
- Commerzbank to cut 10,000 jobs, close 340 branches"As part of a wide-ranging digitalisation, the bank will substantially reduce its branch network from the current level of 790 to 450," it ...
- Germany's stricter lockdown increases recession risksChancellor Angela Merkel and state leaders agreed on Sunday to shut most stores from Wednesday until at least January 10 to reverse a tide ...
- Banks and autos drive European shares higher as UniCredit shinesThe Italian index rose 0.6 per cent, out-doing the pan-European STOXX 600 which gained 0.3 per cent.
- Goldman tips Brazil for World Cup after 1 million simulationsThe bank is the latest to jump into the excitement before the soccer championship kicks off.
- Commerzbank set to axe over 5,000 jobs: reportThe Handelsblatt business daily, citing sources close to the negotiations, said the jobs would be slashed over the coming years.
- GM starts search for Opel investorGeneral Motors Corp, the biggest US automaker, hired Commerzbank AG to find an investor for its Opel unit in Europe.
- EU clears Allianz to buy Commerzbank unitEU regulators cleared German insurer Allianz SE to buy Commerzbank's asset management unit.
- Commerzbank set to relinquish Dresdner Bank licence in IndiaGermany’s Commerzbank, which pulled out from India several years ago, appears set to relinquish yet another banking licence in India.
- Deutshe Bank's next mega-deal?Deutsche Bank said in a statement late on Tuesday that it was in "advanced talks" on buying a stake in Postbank from Deutsche Post, Germany...
- Commerzbank's buyout of Dresdner to cost 9,000 jobsCommerzbank and Dresdner have a combined workforce of nearly 67,000 employees and out of the expected job cuts, about 2,500 would be outsid...
- Allianz says is in talks to sell Dresdner BankGerman insurance giant Allianz is in "advanced talks" on the future of its Dresdner Bank unit, "that may or may not lead to a deal," it sai...
- Commerzbank 2Q net profit up 6.4 pcCommerzbank AG said its second-quarter net profit rose by 6.4 per cent thanks to a tax gain, but made clear it is still feeling the impact ...
- Takeover may trigger smaller dealsA take-over by Barclays of ABN AMRO, if concluded, could trigger smaller deals but is unlikely to unleash a wave of crossborder consolidati...
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