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Commerzbank

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財經新聞

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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Reactions to ECB's strategy review

LONDON, July 8 (Reuters) - The European Central Bank set a new inflation target on Thursday after an 18-month strategy review, hoping to bolster its credibility after undershooting its current objective for nearly a decade. It said it would also further incorporate climate change considerations into its monetary policy, the latest in a series of st
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Euro zone yields rise, periphery's bonds underperform

* Euro zone periphery govt bond yields Link By Yoruk Bahceli and Stefano Rebaudo June 25 (Reuters) - Euro zone yields rose on Friday tracking a move in U.S. Treasuries after data, with periphery's bonds underperforming as investors digested further supply. The U.S. Federal Reserve's preferred inflation measure posted its biggest annual increase sin
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HSBC takes $2.3 bln hit with sale of French retail bank

* HSBC ends long struggle to exit France retail * Cerberus snapping up European banks * My Money to resurrect former CCF brand * HSBC expects $2.3 billion hit from sale By Lawrence White and Gwénaëlle Barzic LONDON/PARIS, June 18 (Reuters) - HSBC has agreed to sell its French retail bank to Cerberus-backed My Money Group in a deal which will mean
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Cerberus-backed firm My Money Group agrees to buy HSBC's French retail banking arm

LONDON/PARIS, June 18 (Reuters) - HSBC HSBA.L 0005.HK has agreed to sell its French retail banking operations to the My Money Group firm backed by private equity group Cerberus, ending HSBC's years-long endeavour to dispose of the struggling business as it pivots towards Asia. My Money Group announced the agreement in a statement on Friday. HSBC ha
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