Commerzbank Plans to Cut 4,000-6,000 Jobs by 2016
Jan. 24 (Bloomberg) -- Commerzbank AG, Germany's second-biggest bank, will cut 4,000 to 6,000 jobs over the next four years to reduce costs and meet a profit goal, according to an internal memo obtained by Bloomberg News. Mark Barton and Caroline Hyde report on Bloomberg Television's "Countdown." (Source: Bloomberg)
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Silicon Valley Redefines 'Big Money'
09:02 - A few years ago, a big VC fund might have had about $500 million to play with. Today, "big" means well over $1 billion. VCs raised $12 billion in the first quarter of 2016, which the industry’s trade group says marked a 10-year high. Bloomberg Businessweek's Max Chafkin has more on "Bloomberg Markets." (Source: Bloomberg)