Name: Germany’s Commerzbank fined for neglecting anti-money laundering work
Uploaded: 2024-04-22T05:59:21-04:00
Duration: 5 min
Description: The lettering and the logo of “Commerzbank” can be seen on a sign in front of the Commerzbank headquarters. Sebastian Gollnow/dpa Germany’s financial authority has imposed a €1.45 million ($1.54 million) fine on Commerzbank due to the bank’s inadequate efforts to prevent money laundering. Commerzbank and its online subsidiary Comdirect Bank, which the bank fully […]

Tag: Commerzbank

Germany’s Commerzbank fined for neglecting anti-money laundering work

The lettering and the logo of “Commerzbank” can be seen on a sign in front of the Commerzbank headquarters. Sebastian Gollnow/dpa Germany’s financial authority has imposed a €1.45 million ($1.54 million) fine on Commerzbank due to the bank’s inadequate efforts to prevent money laundering. Commerzbank and its online subsidiary Comdirect Bank, which the bank fully […]

Commerzbank merger talk resurfaces as Germany mulls company sales -sources

By Elisa Martinuzzi, Christian Kraemer and Tom Sims LONDON (Reuters) -Five years after Deutsche Bank and Commerzbank aborted an attempt to merge, an uncertain outlook for bank profitability and Germany’s need to plug a hole in its budget have rekindled speculation about a potential deal. Germany has said it is looking at all options to […]