Commerzbank swings to smaller-than-expected fourth quarter loss
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FRANKFURT (Reuters) - Germany's Commerzbank on Thursday said that it swung to a smaller-than-expected fourth-quarter loss, as the lender undergoes restructuring.The net loss in the fourth quarter of 54 million euros ($58.70 million) compares with a net profit of 113 million euros a year earlier and is better than a consensus forecast for a 99 million euro loss.The bank said that higher taxes and provisions for staff cuts contributed to the loss, but Chief Executive Officer Martin Zielke said..