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Fri 11 Nov 2009Negative outlook by Commerzbank
Commerzbank, Germany’s second-biggest lender, predicted a difficult fourth quarter as the bank expects it will need to set aside more money for bad loans.
Commerzbank reported a third-quarter net loss of € 1.05 billion this week on costs tied to the integration of Dresdner Bank and writedowns stemming from its Eurohypo unit.
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