Commerz gets a lift from third quarter performance
A strong performance in its fixed income business helped Commerzbank's Corporates & Markets division — effectively its investment bank — to an operating profit of €248m in the third quarter of 2012. The result marked a decisive turnaround from the division's €144m loss in the same period last year, once accounting losses and gains from movements in the bank's own credit spreads are taken into account.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts