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Commerzbank AG (CBKG.DE)

CBKG.DE on Xetra

12.22EUR
11:35am EST
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Fri, Nov 17 2017

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BNP damps down Commerzbank tie-up talk, says just friends

FRANKFURT BNP Paribas Chairman Jean Lemierre on Friday damped down speculation that France's biggest bank is interested in a tie-up with Germany's Commerzbank .

UPDATE 2-BNP damps down Commerzbank tie-up talk, says just friends

* Cerberus has sparked talk of German bank mergers (Adds Cryan comments on banking consolidation)

German prosecutors raid Commerzbank in tax evasion probe

FRANKFURT Germany's Commerzbank has become the target of a tax evasion probe in which several current and former managers are suspected of evading 40 million euros ($47 million) in taxes via so-called dividend stripping.

UPDATE 2-German prosecutors raid Commerzbank in tax evasion probe

* Commerzbank says has identified cum-ex trades in past (Adds details, background, further Commerzbank statement)

BRIEF-Commerzbank CFO sees 2017 profit of about 100 million euros

* CFO declines to comment on takeover speculation, saying only that the bank is focusing on long-term profitability Further company coverage:

BRIEF-Commerzbank to add more customers in 2017 than planned - CFO

* Says sticking with guidance that there will be no dividend for 2017 Further company coverage:

UPDATE 1-Commerzbank swings to net profit in Q3 despite weak markets

* Bank still sees a "slightly positive" net profit for 2017 (Adds detail and background)

Commerzbank swings to net profit in Q3 despite amid weak markets

FRANKFURT, Nov 9 Commerzbank swung to a net profit in the third quarter despite weak markets as the German lender focuses on a major overhaul.

Commerzbank hires advisers amid interest of European peers: sources

MUNICH/FRANKFURT Commerzbank is working with two investment banks to prepare itself for the event of a takeover bid from a European rival, several people close to the matter said.

UPDATE 1-Commerzbank hires advisers amid interest of European peers -sources

* German government retains 15.6 pct stake in Commerzbank (Adds Rothschild also mandated)

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