Germany's Commerzbank is preparing staff cuts and revamped financial targets in its efforts to fend off tie-up advances by ...

Commerzbank has announced cost-cutting measures to stave off any takeover bid by Italy's UniCredit that the German lender ...

Commerzbank plans to axe 3,900 mostly local jobs to help it deliver more ambitious profit targets as part of its strategy to ...

The lender plans to execute the job reductions by primarily relying on demographic changes and natural workforce fluctuations ...

The bank’s corporate clients unit expects SRTs to help it cut €10 billion ($10.4 billion) in so-called risk-weighted assets ...

Commerzbank CBK1.71%increase; green up pointing triangle plans to cut thousands of jobs in a bid to boost profitability and shareholder returns as it fends off an unwanted approach from Italy’s ...

Commerzbank plans to cut 3,900 jobs in Germany while maintaining overall employee numbers through international hiring. The strategy revamp aims to fortify against UniCredit's tie-up attempts. The ...

The bank's current strategy plan through the year 2027 was first published in 2023. Last September, weeks after UniCredit disclosed its interest, Commerzbank ratcheted up some of those targets.

The job cuts are expected to number between 3,000 and 4,000 people out of a workforce of about 42,000 employees.