Commerzbank AG

High rates help Germany’s Commerzbank post best results in 15 years

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High rates help Germany’s Commerzbank post best results in 15 years

Commerzbank on Thursday reported a 55% hike in net profit for 2023, as high interest rates helped the German banking giant report its best results in 15 years. Net profit for the year beat expectations to come in at 2.2 billion euros ($2.36 billion), up from 1.4 billion euros a year earlier. For the fourth … Read more

Deutsche Bank CEO says acquisitions not a ‘priority’ as Commerzbank rumors swirl

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Deutsche Bank CEO says acquisitions not a ‘priority’ as Commerzbank rumors swirl

Christian Sewing, Chief Executive Officer of Deutsche Bank, has acknowledged that a recession in Germany is inevitable, and urged leaders to accelerate its decoupling from China. Denis Balibouse | Reuters Deutsche Bank CEO Christian Sewing on Thursday said that merger and acquisition activity is not a priority for his group, as speculation resurfaces over the … Read more