UPDATE 2-Commerzbank cuts revenue forecast as board approves overhaul
Commerzbank no
longer expects a rise in underlying revenue this year, the
German lender warned on Thursday, as its supervisory board
approved plans announced last week to cut thousands of staff and
close a fifth of its branches.
longer expects a rise in underlying revenue this year, the
German lender warned on Thursday, as its supervisory board
approved plans announced last week to cut thousands of staff and
close a fifth of its branches.
Posted by Reuters
