Cerberus wants well over 7,000 Commerzbank job cuts - source
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FRANKFURT (Reuters) - Cerberus wants Commerzbank to cut far more than a reported 7,000 jobs as part of plans by Germany's second biggest bank to reduce costs, a person familiar with the matter said.The U.S. activist investor, one of Commerzbank's largest shareholders with a stake of more than 5%, has been pressing for big changes, with a dramatic restructuring a concern for German banking unions.Cerberus plans to present Commerzbank with a "succinct view" on measures it should take on headcount..