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Commerzbank, helped by rates, swings to bigger-than-expected Q2 profit By Reuters

© Reuters. FILE PHOTO: A company logo is pictured at the headquarters of Germany's Commerzbank AG in Frankfurt, Germany, February 13, 2020. REUTERS/Ra ....

Manfred Knof , Marta Orosz , Bettina Orlopp , Tom Sims , Deutsche Bank ,

Commerzbank doubles operating result to 1.3 billion euros in the first six months of the year

Commerzbank doubles operating result to 1.3 billion euros in the first six months of the year
finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.

Manfred Knof , Commerzbank Aktiengesellschaft , Bettina Orlopp , Mittelstandsbank Direkt , Regulatory Announcement , Chief Executive Officer , Corporate Clients , Common Equity Tier , Chief Financial Officer , Small Business Customers , Dow Jones Newswires ,

Russia gas stop would trigger 2009-style slump: bank

Commerzbank AG said that Germany could face a slump similar to the contraction seen after the 2008 financial crisis if Russia were to cut off gas supplies.
A bellwether for Europe’s largest economy because it caters to Germany’s small and medium-sized companies, Commerzbank said it would expect to set aside another 500 million euros to 600 million euros (US$509 million to US$611 million) for bad loans as a result.
Last week, larger rival Deutsche Bank AG said that it would have to stash an additional 1 billion euros over two years in such a scenario.
Germany is among the countries most vulnerable ....

Robert Habeck , Bettina Orlopp , Lehman Brothers Holdings Inc , Deutsche Bank , Nord Stream , Economy Robert Habeck , The Taipei Times ,