Commerzbank exits equity trading business under major restructure plans
Under Strategy 2024, Commerzbank plans to cut 10,000 full time employees in a bid to save €1.4 billion in the next three years.
Tag: Commerzbank
Societe Generale completes integration of Commerzbank equity and commodities business
Commerzbank agreed to sell its equity markets and commodities business to Societe Generale in July 2018, including its ETF products and asset management business.
Commerzbank, Deutsche Börse and MEAG use blockchain for settlement process
Project saw cash and securities tokens swapped for settlement using DLT, and tokenised cash used as collateral for margin requirements.
FX industry urged to better understand flash crashes
Panelists at Sibos in London agreed that flash crashes are more common in markets today, but the industry still lacks understanding.
Commerzbank creates new capital markets division incorporating FICC
The newly formed group is led by Roman Schmidt, who took over the FICC business at Commerzbank earlier this year.
Utility Settlement Coin gains £50m backing and moves forward with backing of banks
State Street, BNY Mellon and MUFG among those backing the tokenisation project aimed at transforming clearing and settlement.
Post-trade tech expert appointed CTO at EuroCCP
David Hatton, formerly at Commerzbank and LCH, will join European clearinghouse EuroCCP later this month.
Commerzbank leads $9 million investment in FICC analytics firm
Commerzbank and Octopus Ventures lead $9 million funding round in fixed income analytics provider Mosaic Smart Data.
Europe
Deutsche Bank and Commerzbank confirm talks over potential merger
Deutsche Bank and Commerzbank both released statements over the weekend confirming that talks about being held to explore a potential merger.
Commerzbank to pay $12 million for swaps dealing violations
The US CFTC found that Commerzbank failed to supervise its swap dealing activities and made misleading compliance statements to the regulator.