Commerzbank Extends Losses as CEO Zielke Eyes Jobs, Dividend

  • Germany’s Handelsblatt reported overhaul plans on Monday
  • Commerzbank will hold an investors day in London on Oct. 4.

Commerzbank AG extended losses after a media report that the lender plans to eliminate 9,000 jobs and suspend dividend payments as part of an overhaul under new Chief Executive Officer Martin Zielke.

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