Tag: Commerzbank

Commerzbank profits jump before return to German stock elite

Frankfurt, Germany | AFP | Thursday 2/16/2023 Germany’s second-largest lender Commerzbank said Thursday its net profit tripled in 2022 as the bank prepares for reentry into the Frankfurt Stock Exchange’s blue-chip DAX index. The group said it made a bottom-line profit of 1.44 billion euros ($1.54 billion) in 2022, up from 430 million euros the previous year. The result showed Commerzbank’s “turnaround is a success” after years of poor performance and restructuring efforts, CEO Manfred […]

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Exclusive: Commerzbank may pay $600 million-$800 million to settle U.S. probe – sources

By Karen Freifeld NEW YORK Wed Jul 9, 2014 8:13pm EDT (Reuters) – German lender Commerzbank AG is expected to pay between $600 million and $800 million to resolve investigations into its dealings with Iran and other countries under U.S. sanctions, sources familiar with the matter said. The penalty, previously reported to be more than $500 million, includes a demand from New York’s top banking regulator, Benjamin Lawsky, for more than $300 million from the […]

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