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Latest Articles in commerzbank

Nagarro Debuts As An Independent, Publicly Listed Company

Nagarro reported revenues of €402M, an adjusted EBITDA of €58M and an adjusted EBITDA margin of 14% for full year 2019.

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UK Economy To Double-Dip After Lockdown 2 Impact

Amid fears Brexit negotiations are dragging, Europe's leaders are set to demand the European Commission publish no-deal plans and diplomats have warned Britain time was fast running out for a deal.

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Commerzbank Swings To Quarterly Net Loss Amid Pandemic, Restructuring

The nation's No. 2 bank, which is waiting for a new chief executive to take the helm in January before deciding on a new strategy, confirmed earlier warnings that it would post a full-year loss.

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Commerzbank Board Meets Amid Leadership Void After Top Resignations

Germany's No. 2 lender was thrust into turmoil on Friday when chief executive Martin Zielke and supervisory board chairman Stefan Schmittmann said they would step down to give the bank a fresh start.

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Moody's Says Commerzbank Resignations Are 'Credit Negative'

Commerzbank's new leaders will likely update the lender's business targets that would mean "even more severe adjustments to its business model and franchise

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CommerzBank Board To Decide On Cost-Cutting Plan Next Week

Top investor Cerberus has demanded seats on the supervisory board and other changes at Commerzbank.

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Britain Fines Commerzbank $47 Million For Poor Controls

Commerzbank London was aware of these weaknesses and failed to take reasonable and effective steps to fix them despite the FCA raising specific concerns about them in 2012, 2015 and 2017

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Gold Firms On Fed Stimulus Measures, Weaker Dollar

Spot gold rose 0.3% to $1,729.05 per ounce by 0924 GMT, after falling more than 1% before the Fed announcement on Monday. U.S. gold futures gained 0.6% to $1,737.

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Cerberus Vows No Let Up In Push For Change At Commerzbank

Commerzbank's shares have fallen about 60% since Cerberus bought a 5% stake in 2017, when it became the bank's second-largest shareholder after the German government.

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ADB Sells Dual-tranche $2.25 Billion 3-year And $2 Billion 10-year Global Benchmark Bonds

ADB plans to raise about 25 billion dollars from the capital markets in 2020. "The dollar market has seen a very active start to the new year. ADB is very pleased to make its first outing a strong one," said ADB Treasurer Pierre Van Peteghem.

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