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COMMERZBANK RESTRUCTURING STRATEGY
It’s not just Microsoft, Google, or Amazon — top European companies have also laid off a massive number of employees since April; here’s what you need to knowEuropean firms are reducing workforce due to economic challenges. Several companies including Stellantis, Volkswagen, and Volvo Trucks have...- 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...
- 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...
- Markets waver as traders track US stimulus, vaccinesGains were capped by news that the EU has slashed this year's eurozone economic growth forecast to 3.8 percent from 4.2 percent, citing the...
- Deutsche Bank ends merger talks with CommerzbankFor Commerzbank, still 15%-owned by the federal government, a foreign takeover may be in the cards down the road.
- Greece readies record debt swap with 60% commitmentsThe euro and stocks gained on speculation Greece will reach its participation target by the deadline of 10 pm in Athens on Thursday.
- Greece on edge of biggest sovereign default 24 centuries after first insolvencyBut no Apollo in sight this time to rescue the country from $483-billion debt and stop contagion in other economies.
- 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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