FRANKFURT—Germany’s Commerzbank AG is cutting more than 100 investment banking-related jobs in its New York office as part of its efforts to streamline its operations and boost profitability ...

Commerzbank's fines will be divided up and paid to five separate agencies: $610 million to the Department of Financial Services, $300 million to the U.S. Attorney's Office for the Southern District of ...

Eight months after Sept. 11, 400 employees of Commerzbank AG are returning to the bank's New York headquarters at 2 World Financial Center. The first 130 staffers of Commerzbank, which is one of ...

FRANKFURT (Reuters) - German bank Commerzbank is to cut more than 100 jobs in its New York office as it streamlines certain operations in order to focus more on investment banking, an executive said.

Commerzbank AG plans to cut about 110 jobs in New York as the German company seeks to focus on its core investment-banking operations, a person familiar with the matter said. The reductions ...

Cerberus Capital Management LP has gone for the jugular. The New York private equity firm has been pushing Commerzbank AG to ramp up its cost cutting because of its dismal profit prospects and a ...

Germany's Commerzbank AG is paying $1.45 billion in agreements with U.S. and New York authorities for alleged violations of U.S. sanctions against countries including Iran and lapses in prevention ...

UniCredit's CEO Andrea Orcel revealed his hand this week as the Italian lender built a 9% stake in Commerzbank — and a takeover bid for the German rival could still be in the cards. UniCredit ...

LONDON (CBS.MW) -- Commerzbank AG de:803200 affirmed plans to pull back in capital-markets activity as it announced plans to cut 75 percent of its investment-banking headcount in New York and to ...

UniCredit's move to take a stake in German lender Commerzbank is raising questions on whether a long awaited cross-border merger could spur more acquisitions and shake up the European banking sector.