Commerz braces for cuts

The bank's FX group is part of investment banking, which is about to lose some 900 jobs globally, said Klaus-Peter Müller, chairman of the board of managing directors, in Frankfurt last week.

The bank is merging the two units into a new Corporate Markets group under corporate banking head Nicholas Teller, by March. The new model, which is aimed at making Commerz "less dependent upon the swings of the financial markets", will see the bank withdrawing from "non-profitable or loss-generating"

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 customer services -, or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a FX Markets 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 indvidual account here: