Commerzbank Deutsche Bank
Commerzbank and deutsche bank were in merger talks last year but called them off.
Commerzbank deutsche bank. Commerbank s investment bank is considerably smaller than deutsche s. Merger talks between germany s top two lenders deutsche bank and commerzbank have ended in failure. Rttnews commerzbank ag crzby pk has appointed deutsche bank s german retail head manfred knof as its new chief executive officer effective from 1 january 2021.
Manfred knof 55 head of german retail banking at deutsche bank ag takes over from martin zielke as commerzbank chief executive officer on jan. The bank is present in more than 50 countries around the world and provides almost a third of germany s trade finance. One of two government representatives on the supervisory board jutta doenges led the.
1 according to a statement this weekend. Commerzbank and deutsche bank have now both published their compensation reports for 2019 laying out the salaries and bonuses at the two german banks last year. Commerzbank shares are down more than 26 this year compared with less than a 1 decline for deutsche bank.
Since then deutsche bank launched a broad restructuring that sought to cut nearly 18 000 jobs while commerzbank. Commerzbank ag is a major german bank operating as a universal bank headquartered in frankfurt am main. The banks cited the need for extra capital restructuring costs and execution risks as the.