– Berlin The CommerzbankAccording to a media report, management expects to lose 1.7 million customers by 2024 in the course of the planned corporate restructuring. “Welt am Sonntag” reports that with reference to the bank’s environment. The bank lost around 300 million euros in income due to the departure of customers by 2024. This should … Read more
– Volksbank Many Volks- and Raiffeisenbanken closed branches last year. The vast majority of customers use online banking. – (Photo: dpa) – – – – Frankfurt The Volks- and Raiffeisenbanken closed branches on a large scale during the corona pandemic. The 349 Volks- und Raiffeisenbanken, which belong to the regional cooperative association, gave up 425 … Read more
Will there be a trade deal? EU Commission chief Ursula von der Leyen and British Prime Minister Boris Johnson have set a deadline of Sunday. – (Photo: AP) – – – – Frankfurt Two far-reaching political decisions on Sunday should decide whether the stock markets start the new trading week with gains or losses. In … Read more
Commerzbank does not come to rest, at least as far as the staff is concerned. The group restructuring has not really started yet. Corporate customer boss Roland Boekhout is leaving Commerzbank after only eleven months, as was recently leaked. The new strong man of the group has thus prevailed. In the end, it was probably … Read more
– Several large banks have increased their risk provisioning for potentially bad loans in recent months, including the Commerzbank and several Landesbanken. But the regional banks are obviously getting through the crisis well so far. “It is always said that a large wave of insolvencies will roll on us all, and that it will hit … Read more
Jan Marsalek We are looking for the ex-COO of Wirecard. – (Photo: Wirecard) – – – – Munich The fraud at the insolvent payment service provider Wirecard is apparently even bigger than expected. The previous assumption was that 1.9 billion euros were missing from the balance sheet. Research now shows: The existence of a further … Read more
– Aareal Bank headquarters Aareal Bank’s headquarters may not be a “real palace”, as the activist investor Petrus Advisers writes. But the building is in a very central Wiesbaden location. – (Photo: dpa) – – – – Frankfurt It is an unusually rough wind that the Wiesbaden real estate financier Aareal Bank has been striking … Read more
Positive economic data are pushing the stock market today, and Commerzbank shares are also there. In addition, the rotation continues towards the previous corona losers. The mark of five euros was easily exceeded today, the rally continues. The publication of the preliminary purchasing managers’ indices this morning gave the markets new momentum. In the manufacturing … Read more
It is clear that the situation for Commerzbank is anything but rosy. The current year was characterized by high provisions for loan losses due to the corona pandemic. In addition, the further falling interest rates put pressure on the margin and, to top it off, the management duo threw it out. Management has been expecting … Read more
Housing construction in the Berlin district of Kreuzberg The property that the Parfitts wanted to expand with a loan from Commerzbank is also located in this district. – (Photo: dpa) – – – – Frankfurt An attic in a prime location in the trendy Kreuzberg district, shell construction, wooden beams: In 2017, Justin Parfitt and … Read more