Strong IB result helps Commerz scrape a profit after write-down
Commerzbank’s corporates and markets segment posted a strong second quarter result this week, with operating profit almost tripling from the same period last year.
Profits of 281m were also comfortably above the first quarters 240m, with the bank identifying its corporate finance activity as well as increased demand for products within its equity markets and commodities business as the main drivers of the
The investment bank contrasted with the performance at group
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