Commerzbank news and trends

Deutsche Bank Wins New Business Thanks to Commerzbank Uncertainty
Banking // November 26, 2024

Germany’s Deutsche Bank is reportedly benefitting from uncertainty surrounding a possible takeover of rival Commerzbank. Commerzbank’s customers are increasingly turning to Deutsche Bank for funding, Jan-Philipp Gillmann, head of Deutsche Bank’s German/European corporate banking division, told attendees at an event at Frankfurt. This is happening...

German Central Bank: Mergers Must Yield ‘Robust’ Competition
Banking // September 18, 2024

The chief of Germany’s central bank wants bank mergers to produce robust, competitive institutions. “We need strong and robust banks so that companies can tackle and finance their future tasks,” Bundesbank chief Joachim Nagel said while addressing a Commerzbank event in Frankfurt on Wednesday (Sept....

Commerzbank to Launch Fully Digital Credit Card Solution for Businesses
B2B Payments // June 21, 2024

Commerzbank plans to expand its credit card offering for business customers in Germany, adding a fully digital card with card management and usage features. The bank expects to launch this new offering in the third quarter, Commerzbank said in a Tuesday (June 18) press release....

Commerzbank Fined for Money Laundering Compliance Failure
AML // April 22, 2024

A German financial regulator has reportedly fined Commerzbank $1.5 million for anti-money laundering violations. BaFin said Monday (April 11) that the bank failed to update customer data on time and did not provide sufficient security measures, Reuters reported. This, the report added, led to inadequate due diligence in three cases,...

Quick Reads
Deutsche Bank CEO: Germany Needs ‘Structural Reforms’ to Boost Economic Growth

December 04, 2024
Deutsche Bank CEO Christian Sewing said Wednesday that German businesses need less regulation, a more competitive corporate tax structure and greater certainty on energy prices. Speaking at a Financial Times (FT) global banking summit in London, Sewing said: “We clearly need certain structural reforms,” the FT reported Wednesday. These moves would help Germany’s economy return […]

Deutsche Bank Wins New Business Thanks to Commerzbank Uncertainty

November 26, 2024
Germany’s Deutsche Bank is reportedly benefitting from uncertainty surrounding a possible takeover of rival Commerzbank. Commerzbank’s customers are increasingly turning to Deutsche Bank for funding, Jan-Philipp Gillmann, head of Deutsche...

German Central Bank: Mergers Must Yield ‘Robust’ Competition

September 18, 2024
The chief of Germany’s central bank wants bank mergers to produce robust, competitive institutions. “We need strong and robust banks so that companies can tackle and finance their future tasks,”...

Commerzbank to Launch Fully Digital Credit Card Solution for Businesses

June 21, 2024
Commerzbank plans to expand its credit card offering for business customers in Germany, adding a fully digital card with card management and usage features. The bank expects to launch this...