Commerzbank lures employees into retirement

UIn order to complete the cutbacks of 4,300 gross jobs announced in September 2019, Commerzbank is now making new offers to its 33,700 employees in Germany. Anyone who works in one of the 200 branches that will remain closed after Corona is allowed to go for a severance payment. And in future, employees will be […]

Closed after the US election little changed

The domestic leading index ATX rose by 0.09 percent to 2146.51 points. The ATX Prime gained 0.16 percent to 1097.31 points. Until recently, the signs of victory for the Democratic challenger Joe Biden increased. So he was able to record a wafer-thin majority in the not yet fully counted constituency of Michigan. And in Wisconsin, […]

Risky bet on the recovery of the oil market

Oil production in Saudi Arabia The crude oil market is currently unpredictable. (Photo: George Steinmetz / Agency Focus) Frankfurt Once again, the OPEC oil cartel is in a difficult position: just at the moment when the producing countries want to relax their unprecedented restrictions on oil production, the number of Covid 19 cases is rising […]

Criticism of the Bremen banks on corona loans – Economy in Bremen: Latest news

Current conditions do not help the companies. (Peter Schatz) Bremen’s banks see an urgent improvement in the Corona aid loans for companies as necessary. The conditions that the Kreditanstalt für Wiederaufbau (KfW) provides as a state development bank could otherwise fail to achieve their goal. Therefore, a revision of the conditions would make sense, as […]

Dax closes in the red after a long downtime

Düsseldorf The leading German index ended a trading day with an involuntary break of 0.4 percent in minus at 12,260 points. After a friendly start, the Xetra trading system had stood still for almost three hours. After the trade interruption, the mood on the German stock market changed. With the restart of trading, the Dax […]

The economy wakes up – the upswing begins

With its monthly business climate survey of 9,000 companies, the Munich Ifo Institute has a very early insight into the economic situation. In May and June, this sentiment indicator had risen sharply – as it had previously crashed. In fact, many leading indicators have been sending signs of hope for economic recovery since June. The […]

Savings plans cause controversy: Commerzbank cancels Supervisory Board meeting

Commerzbank has to save money. However, it is still unclear how many branches will close and jobs will be cut. The planned supervisory board meeting was canceled at short notice. Apparently because important documents were not submitted in time. New savings plans at Commerzbank cause disputes before a final decision is made. The extraordinary meeting […]

Dax & dates in the daily stock exchange report

Düsseldorf Investors long for positive news, after all, they have become rare. At the start of the new stock market week, it is expected that the leading German index Dax will yield further towards the 12,000 mark. On off-exchange platforms, the Frankfurt stock exchange barometer was down more than 0.5 percent on Monday morning after […]

Commerzbank could apparently cut up to 7,000 jobs | 28/06/20

Commerzbank, which has been partly nationalized since the financial crisis, could cut up to 7,000 jobs as part of the sharper austerity measures already announced. In addition, around 400 branches are to be closed, the Bloomberg news agency reported on Saturday, citing persons familiar with the matter. This would result in significantly more job and […]