Commerzbank’s credibility issue

newangle-hertmenn-gif

Wolfgang Hartmann, chief risk officer at Commerzbank, faced a multitude of problems last month. Standard & Poor’s (S&P) downgraded the bank’s long-term credit rating by one notch to A–, with a negative outlook, which immediately raised Commerzbank’s cost of capital by several basis points. Rumours about huge losses in its credit derivatives portfolio fuelled investors’ concerns about the bank’s liquidity and capital. Its share price plummeted by some 15% in the immediate

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: