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A “mild recession” is on the cards, according to Commerzbank CEO Manfred Knof. Picture Alliance | Picture Alliance | Getty Images Germany’s Commerzbank said on Wednesday that net profit more…
The European Central Bank has likely pressed pause on its rate hiking cycle, the chief financial officer of Commerzbank told CNBC on Friday. The ECB raised interest rates in July,…
Deutsche Bank shares fell by more than 13% on Friday morning following a spike in credit default swaps on Thursday night, as concerns about the stability of European banks persisted.…
The chief executive of one of Germany’s biggest banks, Commerzbank, sought to reassure investors Thursday about the prospect of non-performing loans this winter, saying banks are far better placed to…