Commerzbank is updating its payments platform in Germany to execute cross-border payments. The bank will use the Swift network to process cross-border payments and the Target 2 or Euro 1 payment systems to process high-value and urgent payments, Commerzbank said in a Thursday (April 4)...
The head of Deutsche Bank says merging with Commerzbank is not a priority. In an interview with CNBC Thursday (Jan. 18), Deutsche Bank CEO Christian Sewing seemed to quash recent — and unconfirmed — reports that his company was in talks to merge with fellow German financial institution Commerzbank. “I...
Deutsche Bank has reportedly resumed merger discussions with fellow German financial institution Commerzbank. The two companies had called off their initial plans to merge five years ago. But now, Reuters reported Monday (Jan. 15), uncertainty in the bank sector and Germany’s need to shore up its budget has renewed speculation about...
Commerzbank and Global Payments teamed to offer digital payment solutions to German small- to medium-sized businesses (SMBs). The companies have joined to form Commerz Globalpay GmbH, which is due to launch in the first half of this year and offer merchants a suite of omnichannel...
April 22, 2024
A German financial regulator has reportedly fined Commerzbank $1.5 million for anti-money laundering violations. BaFin said Monday (April 11) that the bank failed to update customer data on time and did not provide sufficient security measures, Reuters reported. This, the report added, led to inadequate due diligence in three cases, which meant that the bank had violated its anti-money laundering […]
April 04, 2024
Commerzbank is updating its payments platform in Germany to execute cross-border payments. The bank will use the Swift network to process cross-border payments and the Target 2 or Euro 1...
January 18, 2024
The head of Deutsche Bank says merging with Commerzbank is not a priority. In an interview with CNBC Thursday (Jan. 18), Deutsche Bank CEO Christian Sewing seemed to quash recent — and unconfirmed — reports...
January 15, 2024
Deutsche Bank has reportedly resumed merger discussions with fellow German financial institution Commerzbank. The two companies had called off their initial plans to merge five years ago. But now, Reuters reported Monday (Jan. 15),...
