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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...
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...
Euro zone bond yields fall, tracking U.S. TreasuriesThe German economy likely stagnated in the final quarter of last year and grew by 1.9% over the full year 2022, the Federal Statistics Offi...
Capital Group dumps 1.75 billion Euro worth of shares in two German lenders Commerzbank and Deutsche bankOn Tuesday, an investor in Commerzbank and Deutsche bank sold a stake of over five percent, which equates to about 1.75 billion euros. Ther...
Former Commerzbank CEO launches fintech SPAC in AmsterdamThe European FinTech IPO Company 1 is planning to raise up to 415 million euros and seeking an investment target in financial services and ...
China frees up $56 bln for virus-hit economy by slashing small banks' reserve requirementsThe latest stimulus move comes as the world's second-largest economy looks likely to shrink for the first time in 30 years and hopes for a ...
Deutsche Bank slashes 18,000 jobs in $8.3 billion overhaulThe scale of the revamp underscores the failure of the CEO and his recent predecessors to solve the fundamental problem: costs were too hig...
European shares stay calm ahead of US jobs dataGerman industrial output rose in February, some good news for Europe's largest economy.
High noon in Brussels: Italy prepares for budget showdown"The European process might not be central," Bank of America Merrill Lynch said in a note to clients.
China's central bank unveils targeted lending plan to aid growthCuts will range from 0.5 percentage point to 1.5 percentage point depending on how much business banks do.
China to put growth before reform ambitions amid slowdown fearChinese leaders will signal that growth is their priority over reform for the world's second-biggest economy by setting a growth target of ...
Siemens to replace CEO Peter Loescher after fifth forecast cutSiemens will replace Chief Executive Officer Peter Loescher after Europe’s biggest engineering company repeatedly missed profit targets.
- Commodities extend fall on China rate hike
Gold fell for a second day in London as a strengthening dollar cut demand and as some investors sold the metal to cover losses in other ass...
- Bank officials must forge agreements to limit short-term bank risk
Stock markets cheered new regulations announced this weekend that were intended to prevent a recurrence of the financial crisis.
- Global banking deals in September touch $87 bn
The turmoil in the global financial markets has sparked a series of banking M&A deals. Gainers & Losers I Sectoral: Gainers, & Losers I Gai...
- Commerzbank 2Q net profit up 6.4 pc
Commerzbank 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 ...
- German Dresdner Bank about to be sold: report
The German Dresdner Bank is about to be sold, possibly to the second-biggest German bank.
- EU in contact with banks about possible rival to Visa, MasterCard
The European Commission said Wednesday that contacts had been held with banks on setting up a payments card network that could rival Visa a...
- Bank of England set for interest rate cut: Analysts
Bank of England policymakers were forecast to cut British interest rates by a quarter-point to 5.00 percent later on Thursday amid ongoing ...