Martin Zielke

6 results

Germany’s two biggest listed lenders said there were too many hurdles to justify pursuing a complex deal that would have formed the euro zone’s second-largest lender with €1.8 trillion in assets and 140,000 employees.

Deutsche Bank and Commerzbank have abandoned their merger talks, bowing to shareholder concerns and employee resistance in a move that could open the (...)

Senior management of Deutsche Bank and Commerzbank have begun exploratory merger talks

The senior management of Deutsche Bank and Commerzbank have begun exploratory merger talks on Sunday after the executive boards of Germany’s two large(...)

Germany’s second-largest bank, still partly owned by the German government, is overhauling its business by reducing staff, digitising its back office and expanding its retail customer base

Germany’s Commerzbank sounded cautious after beating second quarter profit forecasts on Tuesday, saying costs would be higher than expected this year (...)

Commerzbank did not provide guidance for 2017 earnings, but says  it aims to keep its cost base stable

Commerzbank beat quarterly profit forecasts on Thursday, lifting its shares in pre-market trade, but the German lender said it needed to do more to ge(...)

Commerzbank’s restructuring plan will cost about €1.1 billion. Photograph: EPA

Commerzbank plans to reduce 9,600 jobs, or about a fifth of the workforce, and suspend dividends as chief executive Martin Zielke seeks to shore up pr(...)

Commerzbank’s two biggest units, consumer and corporate banking, saw negative interest rates cut revenue by a combined €71 million in the second quarter. Photograph: Reuters/Ralph Orlowski

Commerzbank scrapped its profit target for this year, forecasting a drop in earnings, adding pressure on chief executive Martin Zielke to lower costs (...)