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Commerzbank AG engages in the provision of commercial banking services. It operates through the following business segments: Private and Small-Businesses Customers, Corporate Clients, Others and Consolidation, and Asset & Capital Recovery. Read More The Private and Small-Businesses Customers segment is comprised of the universal bank services for private and small-business customers, online securities transactions, and asset management. The Corporate Clients segment includes credit products and financing solutions for mid-size corporate clients, international corporations, and financial institutions. The Others and Consolidation segment is the staff, management, and support functions of the company. The Asset & Capital Recovery segment handles the positions of the portfolios in the areas of commercial real estate and ship finance, as well as complex financings from the public finance area. The company was founded on February 26, 1870 and is headquartered in Frankfurt, Germany. CRZBY is listed on the Pink Current market tier. OTC market data is provided by OTC Markets Group, Inc (otcmarkets.com).
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Commerzbank and Deutsche Bank start discussing a merger
S O MUCH FOR the sepulchral calm of a German Sunday. On March 17th, after months of prodding from the German government and chatter in the financial press, Commerzbank and Deutsche Bank, Germany’s two largest listed lenders, said that they would begin exploring a merger. A deal, both banks are at pains to add, is far from certain. If it happens, it would create Europe’s third-biggest bank by assets, behind Britain’s HSBC (which does most of its business in Asia) and France’s BNP Paribas. It would also join...
Seeking AlphaMar 22