Commerzbank to outsource equities business to ODDO BHF By Reuters

FRANKFURT (Reuters) – Commerzbank (DE:CBKG) will outsource its equities trading and research business to ODDO BHF, ODDO said on Tuesday.

The move is a small part of Commerzbank’s broader push to trim staff by 10,000 people. ()

Commerzbank hopes the revamp will revive its fortunes as a standalone bank as it tries to turn a new leaf after management reshuffles and strategy flip-flops.