Is Commerzbank the next Deustche? Lender's share price plunges AGAIN amid profit fears

Is Commerzbank the next Deustche? Lender's share price plunges AGAIN amid profit fears
 

Commerzbank stock is down by almost 11 per cent this week, after tumbling around four per cent today.
It comes after the German giant yesterday announced it is cutting a staggering 10,000 jobs, in a desperate effort to stem costs and maintain profits.
The lender shocked investors further with plans to axe its shareholder dividend payment for the first time ever.
Eurozone banks are struggling to generate profits after the European Central Bank (ECB) cut interest rates below zero to try to kick-start the economy.
Michael Hewson, chief market analyst at CMC Markets UK, said: "A very... read more

 
30 September 2016 in Business, Views: 51
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