German lender Commerzbank said Thursday it plans to cut about 3,900 jobs, around 10 percent of its workforce, as it seeks to fight off advances from Italian bank UniCredit.
The results mark a year since chief executive CS Venkatakrishnan announced a three-year plan aimed at boosting growth and returning £10bn to shareholders. Group revenue climbed 24 per cent to £7bn, ...
German lender Commerzbank is slashing almost 4,000 jobs and lifting financial targets as it moves to repel takeover moves from Italy’s UniCredit.
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