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Commerzbank swings to loss on virus, restructuring charges

Germany’s second-largest lender Commerzbank AG yesterday reported a third quarter (3Q) net loss of €69 million (RM345 million) after provisions against a Covid-19 hit economy and a restructuring that will close branches and cut jobs. Operating profit dropped nearly two-thirds to €168 million, weighed down by risk provisions on its loan portfolio that doubled in a year due to the pandemic. ....

Manfred Knof , Martin Zielke , Betina Orlopp , Deutsche Bank , Cerberus Capital Management , டாய்ச் வங்கி , சிஇஆர்பிஇஆர்யுவ்எஸ் மூலதனம் மேலாண்மை ,