Commerzbank

Commerzbank Aktiengesellschaft is a major German bank operating as a universal bank, headquartered in Frankfurt am Main. In the 2019 financial year, the bank was the second largest in Germany by the total value of its balance sheet.

(source: commerzbank.com)

FinTechs Keep The Big Picture Of Bank Modernization In Mind
FinTechs Keep The Big Picture Of Bank Modernization In Mind
March 30, 2021  |  B2B Payments

The U.S. remains behind the curve when it comes to open banking initiatives, compared to some more advanced markets like the U.K. In this week’s...

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Google Continues Works With Commerzbank On Cloud Adaptation
Google Continues Works With Commerzbank On Cloud Adaptation
March 30, 2021  |  Cloud Banking

Google Cloud and Commerzbank will be expanding their partnership to help move a “significant amount” of Commerzbank’s operations to the cloud, according to a press...

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Banks Avoid Large Deposits As Negative Interest Looms
Banks Avoid Large Deposits As Negative Interest Looms
March 02, 2021  |  Banking

The biggest German lenders, Deutsche Bank and Commerzbank, are shying away from larger deposits, according to The Wall Street Journal (WSJ) on Monday (March 1),...

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Commerzbank CEO Shakes Up C-Suite In His First Month
Commerzbank CEO Shakes Up C-Suite In His First Month
February 12, 2021  |  Personnel

A month into his new role and a day after announcing an aggressive revamp strategy, Commerzbank’s new CEO Manfred Knof is moving around the senior...

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Commerzbank Says It Was ‘Deceived’ By Wirecard Fraud
Commerzbank Says It Was ‘Deceived’ By Wirecard Fraud
January 14, 2021  |  Security & Fraud

Commerzbank has told lawyers that the bank was a victim of fraud in the ongoing Wirecard case, Reuters reported Thursday (Jan. 14). The lender was...

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Commerzbank Cautioned BaFin About Wirecard Months Before Scandal
Commerzbank Cautioned BaFin About Wirecard Months Before Scandal
January 12, 2021  |  Security & Fraud

Commerzbank warned German financial watchdog BaFin about Wirecard‘s illicit activity early in 2020, before the payment giant’s scandal of missing money came to light later...

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Today In Payments: Saudi Arabia Plans $1.3B Reliance Retail Investment; Commerzbank Warns Of Pandemic-Related Bankruptcies
Today In Payments: Saudi Arabia Plans $1.3B Reliance Retail Investment; Commerzbank Warns Of Pandemic-Related Bankruptcies
November 06, 2020  |  News

In today’s top news, The Public Investment Fund of Saudi Arabia is planning to invest roughly $1.3 billion for a part of Reliance Retail Ventures...

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Commerzbank Warns Of Pandemic-Related Bankruptcies In 2021
Commerzbank Warns Of Pandemic-Related Bankruptcies In 2021
November 05, 2020  |  Banking

Commerzbank, Germany’s second-largest bank, is bracing for widespread bankruptcies among small and mid-sized business customers as the pandemic continues to weigh heavily on the global...

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FCA Fines Commerzbank London $47.5 Million For AML Failings
FCA Fines Commerzbank London $47.5 Million For AML Failings
June 17, 2020  |  Bank Regulation

Germany’s Commerzbank London has agreed to pay a fine of £37,805,400 — about $47.45 million — “for failing to put adequate anti-money laundering (AML) systems...

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