https://feeds.thelocal.com/ Read the latest news and views from Germany in English en-us news@thelocal.com (TheLocal) webmaster@thelocal.com (TheLocal) TheLocal RSS Feed Germany's second-largest lender Commerzbank said Thursday it will cut 10,000 jobs and close 340 branches by 2024 as it grapples with a switch to online banking and cashless payment options. https://www.thelocal.de/20210128/commerzbank-to-cut-10000-jobs-and-close-340-branches Thu, 28 Jan 2021 18:28:10 +0100 commerzbank-to-cut-10000-jobs-and-close-340-branches Germany's second-largest lender Commerzbank said Friday it plans to cut the equivalent of 4,300 full-time posts, one-tenth of its workforce, and shutter 200 branches in a fresh bout of restructuring. https://www.thelocal.de/20190920/commerzbank-says-to-slash-4300-jobs-in-new-restructuring-round Fri, 20 Sep 2019 17:13:48 +0200 commerzbank-says-to-slash-4300-jobs-in-new-restructuring-round Germany's top lenders, Deutsche Bank and Commerzbank, plan to launch formal exploratory talks toward a possible merger, national media reported Sunday, following months of preliminary negotiations. https://www.thelocal.de/20190317/german-banking-giants-to-launch-formal-merger-talks Sun, 17 Mar 2019 12:50:44 +0100 german-banking-giants-to-launch-formal-merger-talks Two German unions on Wednesday firmly rejected the idea of a merger between top lenders Deutsche Bank and Commerzbank, even as preliminary talks get underway after pressure from Berlin. https://www.thelocal.de/20190313/10000-jobs-in-grave-danger-unions-warn-of-deutsche-commerz Wed, 13 Mar 2019 14:16:34 +0100 10000-jobs-in-grave-danger-unions-warn-of-deutsche-commerz Angelika Rouyer simply made a routine check on an online banking app last week. She was in for a shock when app displayed a direct debit of over 8.5 billion euros for REWE - especially since Rouyer hadn't even been shopping there. https://www.thelocal.de/20181011/bavarian-woman-mysteriously-receives-8-billion-debt-from-rewe-in-online-banking-app Thu, 11 Oct 2018 14:29:33 +0200 bavarian-woman-mysteriously-receives-8-billion-debt-from-rewe-in-online-banking-app Shares in Germany's second-largest lender Commerzbank leapt Thursday as rumours that the government might soon sell off its stake set financial circles abuzz. https://www.thelocal.de/20170921/commerzbank-shares-soar-on-rumours-of-a-government-sell-off Thu, 21 Sep 2017 14:40:57 +0200 commerzbank-shares-soar-on-rumours-of-a-government-sell-off Germany's second largest lender Commerzbank said on Thursday it plans to cut 9,600 jobs by 2020 and withhold dividends to pay for a €1.1 billion restructuring. https://www.thelocal.de/20160929/commerzbank-to-make-one-in-five-staff-redundant-by-2020 Thu, 29 Sep 2016 13:46:59 +0200 commerzbank-to-make-one-in-five-staff-redundant-by-2020 Germany's big private banks are increasing fees for customers at other financial institutions to withdraw cash from their ATMs, making ordinary people pay the price for a bankers' spat. https://www.thelocal.de/20150903/banks-jack-up-atm-fees-for-non-customers Thu, 03 Sep 2015 12:33:18 +0200 banks-jack-up-atm-fees-for-non-customers Shareholders of Commerzbank, Germany's second largest bank, rejected a proposal Thursday to pay bankers bigger bonuses. https://www.thelocal.de/20150501/commerzbank-shareholders-reject-bigger-bonuses Fri, 01 May 2015 12:34:38 +0200 commerzbank-shareholders-reject-bigger-bonuses A newly-created police unit in Düsseldorf has spent months investigating Luxembourg banks and their German subsidiaries on suspicion of helping clients evade tax and launder money, triggering a wave of raids on Tuesday. https://www.thelocal.de/20150225/tax-evasion-german-cops-target-luxembourg-banks Wed, 25 Feb 2015 10:02:55 +0100 tax-evasion-german-cops-target-luxembourg-banks Commerzbank has reached a preliminary agreement with US authorities to pay more than €800 million for violating sanctions on Iran and Sudan, a person familiar with the matter said Thursday. https://www.thelocal.de/20141212/commerzbank-to-bay-1b-on-iran-sanctions Fri, 12 Dec 2014 09:14:00 +0100 commerzbank-to-bay-1b-on-iran-sanctions Commerzbank, Germany's second-biggest lender, said on Thursday it returned to profit last year after suffering massive loses in 2012, but it warned the environment would remain difficult this year. https://www.thelocal.de/20140213/germanys-commerzbank-returns-to-profit Thu, 13 Feb 2014 10:48:00 +0100 germanys-commerzbank-returns-to-profit Hundreds of German police officers on Tuesday raided 40 branches of Commerzbank, the country's second biggest bank, over suspected tax fraud by hundreds of clients, the bank and prosecutors said. https://www.thelocal.de/20131203/commerzbank-staff-hit-by-huge-tax-raids Tue, 03 Dec 2013 16:48:00 +0100 commerzbank-staff-hit-by-huge-tax-raids Commerzbank, Germany's second biggest lender, began getting back on its feet in the third quarter. Deep restructuring measures like mass redundancies meant a long-awaited raise in net profit. https://www.thelocal.de/20131107/mass-job-cuts-see-profit-rise-for-commerzbank Thu, 07 Nov 2013 10:51:00 +0100 mass-job-cuts-see-profit-rise-for-commerzbank Germany's biggest banks have been lending US cities money to the tune of around €18.5 billion. Bankrupt Detroit, it emerged on Monday, has been on of the main recipients, causing concern for Commerzbank. https://www.thelocal.de/20130729/51099 Mon, 29 Jul 2013 12:41:00 +0200 51099 Commerzbank, Germany's second-biggest bank, said on Monday it had agreed to sell a huge portfolio of commercial real estate loans held in Britain to US bank Wells Fargo and Lone Star Funds. https://www.thelocal.de/20130715/50863 Mon, 15 Jul 2013 17:46:00 +0200 50863 Commerzbank, Germany's second largest bank, looks set to shed 5,000 jobs, it emerged on Tuesday. The move is part of an attempt to recover from heavy losses incurred during the 2008-2009 financial crisis. https://www.thelocal.de/20130618/50371 Tue, 18 Jun 2013 12:33:00 +0200 50371 Commerzbank, Germany's second-biggest bank, said Wednesday that it will undertake a €2.5 billion capital hike to repay further chunks of a state bailout it received during the 2008-2009 financial crisis. https://www.thelocal.de/20130313/48513 Wed, 13 Mar 2013 13:39:00 +0100 48513 Two years after the Fukushima nuclear disaster in Japan, major German banks are funding atomic power projects despite having promised not to do so, a new study claims. https://www.thelocal.de/20130312/48481 Tue, 12 Mar 2013 13:48:00 +0100 48481 Commerzbank said on Friday it would slash employee bonuses for 2012 with chief executive Martin Blessing foregoing his altogether following the bank's "unsatisfactory" performance last year. https://www.thelocal.de/20130215/47993 Fri, 15 Feb 2013 15:23:00 +0100 47993