• Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups
 

Talk Finance

£$$€№₮IAL €¢¤₦¤MI¢ №€₩$
  • Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups

Talk Finance

  • Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups

In Money Matters

Commerzbank is not counting on growth this year

27th September 2019

Commerzbank is not counting on growth this year Pin It

The German Commerzbank has lowered its expectations for this year. Unlike earlier outlooks, the company no longer relies on revenue growth. The bank announced this in a statement. Commerzbank also confirmed the appointment of Bettina Orlopp as financial director. Orlopp is the successor to Stephan Engels who left for Danske Bank.

Commerzbank recently announced that it would cut thousands of jobs and close a number of bank branches. The financial group also steps out of several branches. Commerzbank has set aside 1.6 billion euros to structurally reduce costs. About 750 million euros of that money is invested in IT and digitization. The bank uses the rest of the euros for, among other things, staff redundancies and other interventions.

Commerzbank is forced to cut costs after weak results against a background of the weakening German economy and low interest rates. An intended merger with Deutsche Bank went wrong earlier this year.

Share

No Comments

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Previous Post

Johnson insists on a…

In Domestic Affairs

Johnson insists on a vote of no confidence but opposition refuses

View Post

Next Post

Cloudflare launched free WARP VPN…

In IT, Innovation and Startups

Cloudflare launched free WARP VPN for mobiles

View Post

In Money Matters

EasyJet wants to make COVID-19 test for the crew mandatory

View Post

Boris Johnson

In Domestic Affairs

Boris Johnson comes with the long roadmap from the lockdown

View Post

In Money Matters

Moody’s expects lower bounceback for Eurozone and Britain

View Post

In Money Matters

EU zone economic confidence reaches 93.4 with the reasons for euphoria still to uncover

View Post

Newsletter

Latest News

View

Alex Salmond causes unrest in troubled Scottish government

27th February 2021

View

Flat opening on Friday US markets

27th February 2021

View

IAG advocates the digital ‘testing and vaccination passports’ for passengers

26th February 2021

View

EU zone economic confidence reaches 93.4 with the reasons for euphoria still to uncover

25th February 2021

Allow us to introduce ourselves

Talk-Finance.co.uk, the analytic media. We are focused on the fresh business, M&A and financial data. We pay attention to the interesting new projects and startups while not letting the whole picture to let unnoticed.

  • Investing.com
  • Runch.co.uk

Sign Up for Our Newsletter

Our friendly crew

  • Matthew Patridge, the chief Editor
  • Chris Kimble, the managing Editor
  • Matthew Weller, webmaster&technical stuff
  • Charles Sizemore, author
  • David Stevenson, author
  • Helen Rush, author

Contact us by [email protected]

© 2019 Talk Finance - All Rights Reserved. [email protected]