Commerzbank shifts focus amid cuts


Commerzbank, Germany’s fourth largest bank by assets, is to restructure its investment banking division after a period of losses. The bank said it will cut back on loss-making activities, including proprietary trading.

But structured products and derivatives is an area where the bank wants to grow its business. “Customer-based product lines, such as derivatives, structured products and risk-management services will be expanded,” Commerzbank chairman, Klaus-Peter Mueller, said in a statement.

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