UPDATE 1-Commerzbank rejects Cerberus demands for supervisory board seats <!-- no image --> <div>Commerzbank, under fire for its strategy and leadership, on Friday rejected demands by top investor Cerberus for two seats on the German bank's supervisory board.<div class="feedflare"> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=0Oho_6DDxR0:-cU7OWZvnyQ:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?d=yIl2AUoC8zA" border="0"></a> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=0Oho_6DDxR0:-cU7OWZvnyQ:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=0Oho_6DDxR0:-cU7OWZvnyQ:V_sGLiPBpWU" border="0"></a> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=0Oho_6DDxR0:-cU7OWZvnyQ:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=0Oho_6DDxR0:-cU7OWZvnyQ:F7zBnMyn0Lo" border="0"></a> </div><img src="http://feeds.feedburner.com/~r/reuters/UKBankingFinancial/~4/0Oho_6DDxR0" height="1" width="1" alt=""></div> Posted by Reuters