Commerzbank AG (CBKG.DE)
Latest Key Developments (Source: Significant Developments)
: Moody's: Commerzbank's digital revamp will weigh on profitability and capital build-up . Moody's: Commerzbank's planned reorganisation will burden profitability during the 2016-2018 period and restrict capital build-up . Moody's: Commerzbank's revamp over the longer term should help bank to improve leverage, free up capital for investment,reduce earnings volatility .Moody's: views revamp positively over longer term, with Commerzbank reducing balance sheet to below 500 billion euros by 2020, improving leverage ratio. Full Article
Bafin head Felix Hufeld, speaking at a financial conference in Frankfurt: Asked about possible Deutsche Bank - Commerzbank merger, says "we currently don't look at hypothetical problems" Further company coverage: [DBKGn.DE] ((firstname.lastname@example.org; +49 69 7565 1272;)). Full Article
Commerzbank AG says based on preliminary figures it posted an operating profit of 342 million euros for Q2
Austrian province of Carinthia: Says has appointed Citigroup and J.P. Morgan as offer agents in connection with Heta bond buyback offer . Says offers are expected to be launched in autumn 2016 Further company coverage: [HAABI.UL] ((email@example.com; +43 1 531 12 258;)). Full Article
FRANKFURT, Nov 18 Banks, insurers and consumers are suffering under central banks' low interest rate policies but the situation is unlikely to change any time soon, Commerzbank Chief Executive Martin Zielke said on Friday.