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Germany's second largest bank Commerzbank slid as much as 14% today after it said it will sell €2.5bn to repay the government and insurer Allianz amid a company restructure.
Commerzbank is set to unveil a commodities-focused investment vehicle as part of the bank's drive into the UK investment market.
More than 100 London investment bankers have launched a claim in the High Court for £42m in unpaid bonuses.
Commerzbank is making its derivatives capabilities available via a retail portfolio for the first time, with the launch of the Commerzbank China Volatility Target fund.
Commerzbank is due to launch ComStage ETFs in the UK for the first time next month.
It may be one of the best explanations yet for why the global financial crisis occurred: genuine relationships got processed away in what became an industrialisation of the investment business, says Elizabeth Corley, Europe CEO of Allianz Global Investors...
Private bank and wealth managers Kleinwort Benson has been sold by Commerzbank to Brussels based RHJ International for £225m in cash.