- Commerzbank's (OTCPK:CRZBF) board of managing directors submits to the supervisory board its draft strategy that calls for a net decrease of 2,300 in headcount, EUR 1.6B of investments, closing 200 branches, and the sale of its majority stake in mBank (OTCPK:BREJY).
- The investment plans include EUR 750M for digitization, IT infrastructure, and growth, while restructuring costs account for the remaining EUR 850M.
- Related ticker: OTCPK:CRZBY.