News
Commerzbank and Société Générale have signed a Business Purchase Agreement for Commerzbank’s EMC business (8-11-2018)
The transaction would include the transfer of EMC’s trading books and client franchise, staff, as well as parts of the IT infrastructure. The transfer is anticipated to take place gradually, starting in 2019, once the relevant approvals are obtained.
Commerzbank with sound result in EBA stress test (2-11-2018)
Commerzbank markedly improved its result in this year’s European Banking Authority stress test. Despite the even more challenging macroeconomic scenario, it is 2.5 percentage points above the previous test result in 2016.
Commerzbank announces plans to automate compliance relevant pre-checks in trade finance transaction processing by 2020 (19-10-2018)
Commerzbank plans to automate around 80% of selected compliance relevant checks. Amongst others this applies to anti-money laundering processes and necessary sanctions checks. To thisend, Commerzbank has begun a partnership with the fintech company Conpend.
