Commerzbank CEO finalises plans to cut 10,000 jobs, close branches By Reuters
By Tom Sims and Patricia Uhlig FRANKFURT (Reuters) - Commerzbank (DE:CBKG) Chief Executive Manfred Knof on Wednesday finalised plans to cut 10,000 jobs and close hundreds of branches, a radical overhaul that came a month after he took the reins of Germany's No. 2 bank. The bank also announced that it would post a net loss of nearly 2.9 billion euros...
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