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Commerzbank

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Hourly

News

Commerzbank swings to Q2 loss on restructuring costs, write-off

* Result slightly below analyst expectations * Follows write-off to end outsourcing project * Comes as bank cuts 10,000 jobs and closes branches * Shares down 5% (Updates with CEO quote, shares, provisions) FRANKFURT, Aug 4 (Reuters) - Germany's Commerzbank CBKG.DE on Wednesday said that it swung to a second-quarter loss as the lender undergoes a m
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Take Five: Jobs, crackdowns and a fork

(Updates China entry with PMI readings, link) July 30 (Reuters) - 1/ OUT OF SURPRISES? Is this year's sharp U.S. growth rebound losing momentum? A raft of economic data due in the world's biggest economy will provide clues. U.S. non-farm payrolls on Aug. 6 will offer a snapshot of July hiring. Economists polled by Reuters forecast the economy added
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Monte dei Paschi capital would be wiped out by slump, EU bank stress test shows

* No pass or fail mark in test * Monte dei Paschi fares worst in EBA stress test * Sweden's banks among best peformers * Deutsche Bank, SocGen, Commerzbank below aggregate level By Huw Jones, Valentina Za and Jesús Aguado LONDON July 30 (Reuters) - All of Monte dei Paschi's capital would be wiped out by a long slump, a European Union stress test o
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Take Five: Jobs, crackdowns and a fork

July 30 (Reuters) - 1/ OUT OF SURPRISES? Is this year's sharp U.S. growth rebound losing momentum? A raft of economic data due in the world's biggest economy will provide clues. U.S. non-farm payrolls on Aug. 6 will offer a snapshot of July hiring. Economists polled by Reuters forecast the economy added 926,000 jobs in July after June's forecast-be
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Commerzbank to stop outsourcing securities settlement to HSBC

(Updates with details) FRANKFURT, July 22 (Reuters) - Commerzbank CBKG.DE is abandoning a project to outsource securities settlement to HSBC HSBA.L and as a result will write off 200 million euros ($236.2 million) in the second quarter, the German lender said on Thursday. The bank said that it was immediately halting the outsourcing plan, launched
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