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Commerzbank aims to cut jobs, branches after Deutsche merger fails

FILE PHOTO: The headquarters of the Commerzbank pictured before the bank's annual news
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FRANKFURT (Reuters) - Commerzbank said on Friday it wanted to cut 2,300 jobs and reduce the number of branches in a strategy overhaul, after the German lender's attempt to merge with Deutsche Bank failed.The bank, partly owned by the German government after a bailout and struggling to generate profits, also aims to sell a stake in its Polish subsidiary mBank and absorb its Comdirect online..
Date Published: Sep 20, 2019
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