Commerzbank

135 results about this entity

Period: 07 Feb 2005 - 02 Apr 2024

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/markets

Commerzbank outsources equities business to ODDO

From 11 May 2021, Commerzbank will be cooperating with the Franco-German financial services group ODDO BHF in the area of equities.

Commerzbank agrees deal with unions on 10,000 job cuts

/people

Commerzbank agrees deal with unions on 10,000 job cuts

Commerzbank has warned that more jobs may be on the line after agreeing a settlement with labour unions over previously announced plans to axe 10,000 full-time positions by 2024.

Deutsche Börse and Commerzbank to build digital asset marketplace

/crypto

Deutsche Börse and Commerzbank to build digital asset marketplace

Deutsche Börse and Commerzbank have invested in fintech spinoff 360X with the aim of building a blockchain-based digital marketplace for digital asset clases in art and real estate.

Commerzbank to axe 1700 jobs in Germany

/people

Commerzbank to axe 1700 jobs in Germany

Commerzbank is to slash 1700 jobs in Germany in a volunatary redundancy programme to be completed by the end of the year.

Commerzbank enters five-year relationship with Google Cloud

/cloud

Commerzbank enters five-year relationship with Google Cloud

Commerzbank has entered a five-year partnership with Google, that will see more applicatons moved to the cloud and delivery of on-the-fly updates to software code.

Commerzbank and creditshelf extend strategic partnership

creditshelf Aktiengesellschaft and Commerzbank AG are deepening their strategic cooperation and expanding it to include Commerzbank's Private and Small-Business Customers segment.

Rabobank executes real-time commercial paper transaction using blockchain technology

/markets

Rabobank executes real-time commercial paper transaction using blockchain technology

Rabobank has completed the first real-time commercial paper transactions using blockchain technology, following a successful two-year pilot in partnership with Commerzbank and Euroclear.

Commerzbank to axe one in three German jobs

/people

Commerzbank to axe one in three German jobs

Commerzbank will cut 10,000 jobs and close 340 branches by 2024 as it focusses on digitisation in an effort to slash cost and ensure profitability.

/retail

Cost of Commerzbank job cuts rises

Commerzbank has reached agreement with the Group Works Council about the planning of restructuring measures in the period from 2021 to 2024.

/cloud

Commerzbank taps LPA cloud tech for post trade digitalisation

LPA Group, the capital market technology and innovation leader, today announced it has launched Capmatix Post-Trade, a new post trade digitalization solution, developed to help banks drive significant agility and efficiencies through automation.

/sustainable

Commerzbank makes climate risks in its portfolio transparent and comparable

Commerzbank has been official supporter of the Task Force on Climate-related Financial Disclosures (TCFD) since the beginning of September 2020.

Wirecard debacle costs Commerzbank €175 million in bad loans

/wholesale

Wirecard debacle costs Commerzbank €175 million in bad loans

Germany's Commerzbank has written off €175 million in loans made to collapsed payment processor Wirecard, a figure which is likely to push the bank into the red for the full year.

/startups

CommerzVentures invests $6m in insurtech Concirrus

Leading specialty analytics insurtech, Concirrus has today announced that CommerzVentures has made a $6 million investment into the business.

/people

Commerzbank chairman and CEO step down

The Presiding and Nomination Committee of the Supervisory Board of Commerzbank has discussed in its meeting today the offer of Martin Zielke to resign early as a Board Member of Commerzbank AG on the basis of a mutual termination of his Board Membership.

/crime

FCA hits Commerzbank with £37.8 million fine for AML failings

The FCA has today fined Commerzbank AG (London Branch) £37,805,400 for failing to put adequate anti-money laundering (AML) systems and controls in place between October 2012 and September 2017.

İşbank and Commerzbank carry out Marco Polo transaction

/wholesale

İşbank and Commerzbank carry out Marco Polo transaction

Commerzbank and İşbank have run an international trade finance transaction on the Marco Polo blockchain network.

CommerzVentures leads £15m round in pay-as-you-drive insurance startup By Miles

/startups

CommerzVentures leads £15m round in pay-as-you-drive insurance startup By Miles

By Miles, a UK-based pay-by-mile car insurance provider, has raised £15 million in Series B funding led by CommerzVentures.

Covid-19 scuppers Commerzbank plan to sell mBank

/retail

Covid-19 scuppers Commerzbank plan to sell mBank

Germany's Commerzbank is abandoning its plan to sell off its majority stake in Polish unit mBank, concluding the Covid-19 crisis will prevent it getting an acceptable return.

An insight into Commerzbank's R&D strategy

/startups

An insight into Commerzbank's R&D strategy

Michael F. Spitz, CEO, Main Incubator, CVC & R&D Commerzbank Group speaks to FinextraTV about whether banks can truly develop as digital technology companies, Commerzbank's partnership model with fintechs including investment at the proof of concept stage, space tech, digitisation of supply chains, DLT in capital markets, how banks embracing technological change will steer innovation and what benefits this will bring to the world of business.

Commerzbank paves way for full comdirect ownership

Commerzbank paves way for full comdirect ownership

Commerzbank has increased its holding in comdirect to over 90%, paving the way for full ownership of the online brokerage.

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