Commerz to spin off structured equities, scale back exotics
German bank offers more detail on plans to retreat from derivatives and bond trading
Commerzbank will move its structured equities business into a separate legal entity and retreat from a host of other trading businesses, including exotic rates and foreign exchange, as part of an effort to free up regulatory capital and improve profitability. The bank outlined the restructuring on September 30, but further details were revealed in its third-quarter results on November 4.
The new
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