Commerzbank explodes 15 percent: Investors can find out here whether the rally will continue

The euphoria about a corona vaccine hit the markets yesterday. The European bank reference index, the Euro Stoxx Banks, rose by more than 13 percent, the fastest it has for ten years. The Commerzbank share took off even more, and from a chart perspective it is now extremely exciting. A vaccine would be the game … Read more

These banks are ahead in terms of KfW loans

KfW has become one of the most important banks again since the corona crisis. The KfW corona loan is the favorite instrument of CFOs. But the house banks also play a role; they forward the application to KfW and participate in the loans. Companies can only apply for loans of 100 million euros or more … Read more

Banks in Germany: The lead of foreign banks is melting

– Rain clouds over the Frankfurt financial district The lending business has been booming since the outbreak of the corona crisis. Recently, non-German institutes have benefited less from this than in the first half of the year. – (Photo: dpa) – – – – Frankfurt The foreign banks in Germany have been on the advance … Read more

Commerzbank could close up to 400 branches, according to the report

Commerzbank apparently wants to save a lot: According to a report, up to 7,000 jobs could be lost and up to 400 branches of the bank could close. This would make the austerity course significantly more drastic than planned. Commerzbank, which has been partially nationalized since the financial crisis could, according to circles, cut up … Read more

Circles: Commerzbank before further savings | 06/29/20

FRANKFURT (dpa-AFX) – The supervisory board of Commerzbank will deal with new management savings plans this Wednesday (July 1), according to dpa information, in an extraordinary meeting. The meeting was scheduled for the morning, it said on Monday. The Verdi union is afraid of further massive staff and branch cuts at the Frankfurt Institute, which … Read more

Wirecard: Fateful days for Wirecard

The new CEO James Freis and Supervisory Board Chairman Thomas Eichelmann had been negotiating with the approximately 15 creditor banks since the penultimate Friday. Under the leadership of Commerzbank, Landesbank Baden-Württemberg and the two major Dutch banks ABN Amro and ING, they granted Wirecard a credit line of EUR 1.75 billion about two years ago. … Read more

Exciting Supervisory Board meeting: Commerzbank is likely to cut even more jobs

Hundreds of branches and thousands of jobs away: The savings orgy continues unabated at Commerzbank. Now the corona pandemic is forcing the financial institution to take even more massive austerity measures. According to a newspaper report, Commerzbank is pushing ahead with its savings plans. At an extraordinary meeting next Wednesday, the supervisory board is expected … Read more

Wirecard is fighting for its future

BDO in Manila The search of the 1.9 billion euros of Wirecard was at the Bank in the Philippines in vain. – (Photo: Bloomberg) – – – – Frankfurt/Munich That Wirecard is currently one of the largest financial scandals in the German economy plays in history, shows visitors to the group’s headquarters on Monday only … Read more

The setbacks come now to the stock markets?

Frankfurt What is the meaning of volatility in the stock markets, get investors this year to feel so right. Four and a half percent, the Dax lost last Thursday, when U.S. benchmark index, the S&P 500, it was 5.9 percent. If the 2019 would have happened, had listed on the stock exchanges, the biggest one-day … Read more

Cerberus attacks Commerzbank board – economy

The US investor Cerberus attacks the Commerzbank board and makes high demands. If the financial investor does not get his will, he threatens a shareholder revolt. – It all started when the American financial investor Cerberus invested in the German banking market three years ago. First, the US investor bought five percent of Commerzbank, then … Read more