Commerzbank’s future hangs on latest turnaround plan

Comerzbank_Alamy_575
By David Rothnie
11 Mar 2021

Commerzbank is looking to turn the page on a tumultuous period to create an investment bank that is “profitable, future-proof and independent.” This could be its last chance, writes David Rothnie

Commerzbank’s latest attempt to turn around its fortunes has endured a protracted conception. After pursuing fruitless merger talks with Deutsche Bank in 2019, Germany’s second-biggest lender promised a strategic reboot that was then lambasted by top shareholder Cerberus, leading to the resignations in July 2020 of its chairman ...

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