Commerzbank, Germany's second-biggest lender, will announce plans to split up its Mittelstandsbank at the end of the month, sources tell CNBC.
European stocks closed sharply lower on Friday after Wall Street stock indexes dropped and data showed Germany's exports fell in July.
Gustav Sandstrom, senior reporter at Dealreporter, discusses the news that Deutsche Bank and Commerzbank held merger discussions.
American banks could be the real beneficiaries of major European institutions paring down.
The head of Deutsche Bank made a public call for cross-border mergers in Europe, weeks after Germany's flagship lender scraped through stress tests.
European stocks were mixed in afternoon trade Wednesday as investors reacted to a jobs report in the U.S. and a slew of data from the euro zone.
Europe needs to see more banking mergers for the sector to be in position to become more profitable, Deutsche Bank Chief Executive John Cryan said.
Financial stocks were top performers for a third day Tuesday, as traders continue to bid up the group on expectations the Fed will raise interest rates this year.
Nearly 500 million people are living in countries with negative interest rates, which could fuel a return to a “cash-only” society, says S&P Global.
European markets finished deep in negative territory on Tuesday, as concerns over the health of the region's lenders continued to weigh on sentiment.
Commerzbank said cautious customers and the ECB's negative interest rates would cause earnings to drop in 2016.
Commerzbank CFO, Stephan Engels, talks about the uncertainty surrounding Brexit and the impact of the low interest rate environment.
When looking at financial markets, why are German banks underperforming fellow banks in the euro zone? Commerzbank CFO, Stephan Engels weighs in.
Commerzbank CFO, Stephan Engels says the German lender is one of the least-risky bank stocks, when talking about market performance and stress tests.
After Commerzbank cut its full-year net profit target for 2016, the bank’s CFO, Stephan Engels, talks about the outlook for the lender in the coming two quarters.
German lender Commerzbank has warned investors that earnings will drop in 2016, due to hesitant customers and the negative rates impact. CNBC’s Annette Weisbach reports.
'If now, without NPLs, with a clear strategy, I think this bank could be a very good bank for the future.'
European markets closed higher on Tuesday as traders digested another slew of earnings and oil prices weighed.
Second-quarter operating profit dropped to 342 million euros ( $375.82 million), from 419 million euros in the year-earlier period.
Commerzbank’s operating profit has fallen in the second quarter, demonstrating that Italy’s banks aren’t the only ones suffering. Filippo Alloatti, senior credit analyst at Hermes Investment Management, discusses.