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Germany's stake in Commerzbank dates back to the global financial crisis of 2008 and is still loss-making for the government

Commerzbank merger talk resurfaces in Germany

Five years after Deutsche Bank and Commerzbank aborted an attempt to merge, an uncertain outlook for bank profitability and Germany's need to plug a hole in its budget are rekindling speculation about a potential deal.

Business • 15 Jan 24

Commerzbank said it is expecting a payout ratio in dividends and share buybacks of 'well above 50%' for 2025 up to 2027

Commerzbank gets ECB approval to buy back more shares

Commerzbank said it has received approval from the European Central Bank to buy back up to €600m in shares.

Business • 21 Dec 23

Commerzbank's third quarter net profit of €684m compared with a profit of €195m a year earlier

Commerzbank's Q3 net profit more than triples

Germany's Commerzbank said today its that net profit more than tripled in the third quarter, better than expected and helped by higher interest rates, as it presented a strategy update.

Business • 08 Nov 23

Commerzbank said it now expects €7.8 billion, up from previous expectations of around €7 billion

Commerzbank posts 20% rise in Q2 net profits

Germany's Commerzbank said today that its net profit rose a better-than-expected 20% in the second quarter, helped by higher interest rates but dragged down by previously flagged problems at a Polish unit.

Business • 04 Aug 23

Commerzbank said its net profit of €580m in the first quarter compares with a profit of €298m a year earlier

Commerzbank doubles quarterly profit, helped by rates

Germany's Commerzbank said today that net profit nearly doubled in the first quarter, a better-than-expected result helped by higher interest rates.

Business • 17 May 23

Commerzbank has been cutting thousands of jobs and hundreds of branches to cut costs and lift profit

Commerzbank sees 2023 profit 'well above' 2022

Germany's Commerzbank said today that net profit rose a better-than-expected 12% in the fourth quarter, helped by higher interest rates and capping a second consecutive profitable year as it undergoes a major restructuring.

Business • 16 Feb 23

Commerzbank is in the middle of a €2 billion restructuring programme that has closed hundreds of branches and cut 10,000 jobs

Commerzbank's third quarter profits slump by 52%

Germany's Commerzbank said today its net profit fell by 52% in the third quarter in a better-than-expected outcome helped by higher interest rates, though previously flagged problems at a Polish unit weighed.

Business • 09 Nov 22

Shares in the two banks traded sharply lower today

Deutsche Bank and Commerzbank shares slide

US investor Capital Group sold big stakes in Germany's two top banks - Deutsche Bank and Commerzbank - a person familiar with the matter said, dealing a blow to both lenders as they seek to rebuild investor confidence.

Business • 12 Apr 22

Commerzbank said it would pay a dividend for 2021

Commerzbank sees strong 2022 as quarterly profit soars

Commerzbank swung to a better than expected fourth-quarter and annual net profit despite undergoing a major overhaul, the German lender said today, and also painted a rosy outlook for 2022.

Business • 17 Feb 22

Commerzbank's net profit of €403m in the third quarter compares with a loss of €60m a year earlier

Commerzbank expects full-year profit after strong Q3

Germany's Commerzbank has swung to a better-than-expected third-quarter net profit and forecast a profit for the full year, defying analysts predictions for a 2021 loss.

Business • 04 Nov 21

Commerzbank said its outlook for revenues in 2021 was rosier than it had earlier anticipated

Commerzbank posts Q1 net profit, beating expectations

Commerzbank has today raised its revenue outlook after surprising investors by swinging back to profit in the first quarter, buoyed by strong trading commissions.

Business • 12 May 21

Germany's Commerzbank is to cut 10,000 jobs globally

Commerzbank strikes deal with workers over job cuts

Commerzbank employee representatives have agreed a job reduction deal, the bank and union officials said today, paving the way for the German lender to cut 10,000 jobs globally.

Business • 07 May 21

The net loss of €69m in the quarter compares with a net profit of €297m a year earlier.

Commerzbank swings to quarterly net loss amid pandemic

Germany's Commerzbank today said it swung to a third-quarter loss, as the lender undergoes a restructuring and deals with fallout from the coronavirus crisis.

Business • 05 Nov 20

Germany's second biggest lender has been in turmoil following the sudden resignation of its CEO and its chairman in July

Changes to Commerzbank's strategy after CEO named

The nomination of Manfred Knof as chief executive of Germany's Commerzbank paves the way for an overhaul that could close hundreds of branches and shrink its foreign operations, though any major changes may still take months to formalise.

Business • 28 Sep 20

Commerzbank booked some €175m in losses related to loans to the collapsed Wirecard

Commerzbank to drop EY as auditor after Wirecard issue

Commerzbank has become the latest company to drop EY as its auditor in the wake of the Wirecard accounting scandal whose accounts EY had signed off for years.

Business • 03 Sep 20

Martin Zielke, the former CEO of Commerzbank and Stefan Schmittmann, the bank's former Chairman

German union show strength as Commerzbank bosses leave

Commerzbank's chief executive and chairman were under pressure from activist investors to axe jobs, but they decided to go first after a damaging clash with unions last week.

Business • 06 Jul 20

Commerzbank is coming under pressure from shareholders over its strategy and leadership

Cerberus wants well over 7,000 Commerzbank job cuts

Cerberus wants Commerzbank to cut far more than a reported 7,000 jobs as part of plans by Germany's second biggest bank to reduce costs, a person familiar with the matter said.

Business • 30 Jun 20

Commerzbank said that the impact of measures to control the coronavirus hit earnings by €479m in the first quarter

Commerzbank plunges to loss as pandemic slows recovery

Germany's Commerzbank said today it had swung to a loss in the first quarter as the impact of the coronavirus pandemic drove up loan loss provisions and risked derailing its recovery.

Business • 13 May 20

Deutsche Bank shares rose as much as 9.4% to their highest level in 15 months today

Deutsche Bank shares soar as new shareholder steps in

Deutsche Bank has revealed that Los Angeles-based Capital Group has taken a 3.1% stake, boosting shares in Germany's largest bank which has been hit by losses and misconduct scandals.

Business • 06 Feb 20

Deutsche Bank today reports its third consecutive quarterly loss and fifth annual loss in a row

Deutsche Bank falls to wider-than-expected loss

Deutsche Bank fell to a wider-than-expected €1.6 billion loss in the fourth quarter, pushing its loss for 2019 to €5.7 billion on the back of restructuring costs.

Business • 30 Jan 20

Commerzbank warns that its 2019 profit would come in lower than last year

Commerzbank mulls charging millionaires for deposits

Germany's second-largest lender Commerzbank said it was mulling charging wealthy private customers for their deposits, as it seeks to pass on the hurt from the European Central Bank's negative interest rates.

Business • 07 Nov 19

Commerzbank has been struggling for years with a legacy of bad debts, high costs and fines

Banks facing 'enormous' challenges - Commerzbank boss

The challenges facing banks are "enormous", Commerzbank chief executive Martin Zielke said today, after the German lender said it no longer expected a rise in underlying revenues this year.

Business • 27 Sep 19

Commerzbank plans to close 200 branches in a fresh bout of restructuring

Commerzbank to cut 4,300 jobs in restructuring move

Germany's second-largest lender Commerzbank said today it plans to cut the equivalent of 4,300 full-time posts, one-tenth of its workforce, and close 200 branches in a fresh bout of restructuring.

Business • 20 Sep 19

Deutsche Bank is planning on cutting between 15,000 and 20,000 jobs, or more than one in five of its 91,500 employees

Deutsche Bank to axe jobs in €5 billion revamp

Deutsche Bank is preparing to unveil a sweeping, multi-billion euro overhaul within days that would see the axe fall heaviest on investment bankers, sources familiar with the matter have said.

Business • 04 Jul 19

UniCredit has long been interested in expanding in Germany

UniCredit puts possible Commerzbank bid on ice: sources

Italy's UniCredit has put a possible bid for Commerzbank on ice as the German rival does not want to engage in negotiations so soon after the collapse of merger talks with Deutsche Bank, four sources said.

Business • 25 Jun 19