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)