Commerzbank Cuts Bonuses as CEO Blessing Warns on Revenue

Commerzbank Cuts Bonuses as CEO Blessing Warns on Revenue

Ralph Orlowski/Bloomberg

Commerzbank, in which the government owns 25 percent after an 18.2 billion-euro bailout in 2009, is restructuring its consumer banking unit and cutting as many as 6,000 jobs over the next four years, as it closes its shipping and real estate financing arms.