June 15, 2020 / 7:00 AM / a month ago

Commerzbank to cut jobs, close branches; Cerberus is "rude" - supervisory board member

FRANKFURT, June 15 (Reuters) - Commerzbank will announce “considerably” more branch closures and job cuts when lays out its strategy review, a member of the bank’s supervisory board said on Monday as he criticized a public campaign for change by a top investor, Cerberus.

“Cerberus’ approach is rude and inappropriate,” Commerzbank supervisory board member Stefan Wittmann told Reuters. (Reporting by Tom Sims Editing by Riham Alkousaa)

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