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Commerzbank 'Ahead of the Herd': CFO

11:04 AM ET Thu, 19 Jan 2012

Commerzbank announced measures to raise capital and reduce some of its activities to hit the 9 percent core capital ratio requested by the European Banking Authority and its shares closed nearly 15 percent up on the news. "We are a little bit lucky here because we are ahead of the herd," Eric Strutz, Commerzbank CFO, told CNBC.