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.
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.
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.
Oil prices closed higher as investors bought back into the market after a two-day rout triggered by Britain's vote to leave the EU.
A British vote to leave the European Union would hit large German banks, the head of German financial watchdog Bafin said.
The yen and Swiss franc rose as oil prices slid and bank shares led global equity markets lower, stoking a fresh wave of bids for low-risk assets.
UBS Chairman Axel Weber warned on Tuesday that the beleaguered European banking sector was still facing many challenges.
European markets ended sharply lower on Tuesday as earnings from major banks disappointed, and a sharp decline in mining stocks weighed.
Commerzbank posted a 52 percent drop in first-quarter net profit on Tuesday.
European markets finished mostly in the red on Monday despite a strong recovery in oil prices and mining stocks.
Germany's Commerzbank has named retail banking head Martin Zielke as its next CEO, as the lender prepares to set medium-term targets.
European markets closed mostly lower on Tuesday, as a decline in commodity prices and mixed earnings weighed.
In this week's Trader Poll, tell us if you are buying banking stocks amid uncertainties surrounding the sector.
European markets finished sharply higher on Friday as crude oil prices and mining stocks rebounded.
German lender posts a net profit of $211.4 million in the fourth quarter as it benefited from lower provisions for bad loans.