Latest Commerzbank Stories

2011-07-14 05:00:00

WALLDORF, Germany, July 14, 2011 /PRNewswire/ -- SAP AG (NYSE: SAP) today announced that Commerzbank, Germany's second largest bank, has implemented the SAP® Bank Analyzer set of applications. With lean processes and high security standards, the software helps customers meet the current International Financial Reporting Standards (IFRS) and German accounting standards. (Logo: http://photos.prnewswire.com/prnh/20110126/AQ34470LOGO) Germany's major banks are accustomed...

2009-05-12 09:53:00

- Dow Jones's Release of the Market Moving News Caused Commerzbank's Shares to Surge Higher - NEW YORK, May 12 /PRNewswire/ -- On May 7, 2009, Dow Jones Newswires was ahead of the competition in reporting the outcome of negotiations between the E.U. Commission and the German government on state-aid to Commerzbank, Germany's second-largest bank. While there were numerous reports of a possible compromise a few days prior, Dow Jones was first in reporting the actual details, causing...

2009-02-20 15:00:16

Bonuses paid to failed bankers struck a raw nerve in Germany with Chancellor Angela Merkel calling the lavish bonus system incomprehensible. World leaders from U.S. President Barack Obama, British Prime Minister Gordon Brown and now Merkel have expressed dismay over bonuses that banks have doled out to executives that led their firms and world finances into economic chaos. It is incomprehensible that banks helped out by the state in many cases pay out huge sums in bonuses, Merkel told Der...

2008-09-02 09:00:12

Germany's Commerzbank shares slump after Dresdner deal BERLIN, Sept. 1 (Xinhua) -- Shares of Germany's Commerzbank AG dropped sharply on Monday at the Frankfurt Stock Exchange after it agreed with Dresdner Bank on a merge deal a day earlier. The share price of the Frankfurt-based Commerzbank stock slumped 10.85 percent to 17.91 euros (26.1 U.S. dollars) in Frankfurt Stock Exchange at 16:25 local time (15:25 GMT), while that of Dresdner Bank also slipped by 2.11 percent at 63.45 euros...

2008-09-02 00:00:08

By Sean Farrell Commerzbank plans to shed 1,200 jobs in London as it agrees to buy out Dresdner for EUR 8.8bn THE CITY is bracing itself for a further redundancies as Commerzbank prepares to cut more than half its workforce at Dresdner Kleinwort's London operation in its takeover of its German rival. Commerzbank plans to slash up to 1,200 London jobs at Dresdner in businesses such as trading as well as in support functions. About 2,000 of Dresdner Kleinwort's 5,500 staff are employed...

Word of the Day
  • An evil spirit; a devil.
  • A nightmare.
  • In astrology, the twelfth house of a scheme or figure of the heavens: so called from its signifying dreadful things, such as secret enemies, great losses, imprisonment, etc.
'Cacodemon' comes from a Greek term meaning 'evil genius.'