Commerzbank Deutsche Bank

The bank is present in more than 50 countries around the world and provides almost a third of germany s trade finance.

Commerzbank deutsche bank. Commerzbank ag is a major german bank operating as a universal bank headquartered in frankfurt am main. Since then deutsche bank launched a broad restructuring that sought to cut nearly 18 000 jobs while commerzbank. Commerzbank and deutsche bank were in merger talks last year but called them off. Predictably there is a large discrepancy between the two.

Manfred knof 55 head of german retail banking at deutsche bank ag takes over from martin zielke as commerzbank chief executive officer on jan. Commerzbank shares are down more than 26 this year compared with less than a 1 decline for deutsche bank. Merger talks between germany s top two lenders deutsche bank and commerzbank have ended in failure. Rttnews commerzbank ag crzby pk has appointed deutsche bank s german retail head manfred knof as its new chief executive officer effective from 1 january 2021.

Commerbank s investment bank is considerably smaller than deutsche s. Commerzbank appoints deutsche bank s manfred knof as chief executive industry veteran to succeed martin zielke in effort to drive turnaround at german lender manfred knof here in 2016 has been. In the 2019 financial year the bank was the second largest in germany by the total value of its balance sheet. Commerzbank and deutsche bank have now both published their compensation reports for 2019 laying out the salaries and bonuses at the two german banks last year.