Revenue fell 18% to €1.86bn, with net interest income down 8.2%

Commerzbank swung to a loss in the second quarter hit by one-off costs such as those related to its restructuring.

The German bank said on 4 August that the net loss for the period was €527m ($625.7m) compared with a profit of €183m a year earlier.

One-off restructuring costs push Commerzbank to Q2 loss

Pietro Lombardi

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Billionaire John Caudwell: ‘I’ll still build London’s most expensive homes despite UK wealth exodus’

Citi shuts Málaga office it opened to battle banker burnout

A&O Shearman boss Hervé Ekué: ‘My godfather was accused in a failed coup… he inspired me to be a lawyer’

Milbank hires private equity M&A rising star in Germany

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Coutts hires ex-JPMorgan banker James Todd as next private client boss

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Todd replaces Camilla Stowell who left the NatWest-owned wealth in January

Senior GIC private equity lawyer joins Dechert in London

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Trump Says Banks Discriminate Against Conservatives—Including Him

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White House Preps Order to Punish Banks That Discriminate Against Conservatives

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The appointment rewards the executive who led the bank back from a scandal involving the creation of millions of fake customer accounts.

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Microsoft joined Nvidia in the $4 trillion market-cap club, while Meta is closing in on the $2 trillion mark.

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