June 18, 2020
The FCA has today fined Commerzbank AG (London Branch) £37,805,400 for failing to put adequate anti-money laundering (AML) systems and controls in place between October 2012 and September 2017. Commerzbank …
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May 16, 2019
European clearing house EuroCCP has appointed David Hatton as the firm’s new Chief Technology Officer (CTO) as per the announcement made by the firm yesterday. He is replacing Albert Jan Huizing as CTO but will work in co-capacity as CTO until Albert resigns from the post at end of June to ensure a smooth transition. Albert has been with EuroCCP since it was founded in 2007 making him one of the oldest employees of the firm.
March 23, 2019
German multinational investment and financial services company, Deutsche Bank published its annual report for fiscal 2018, that ended on 31st Dec 2018. During the period, the bank showed a weak performance achieving revenue of €25.32 billion, which is 4.3 per cent lower compared to that of 2017. Taking a look at the report, the bank has pledged to reverse the declining revenue in 2019 assuming solid economic growth during the period.
July 5, 2018
Commerzbank has sold its Equity Markets & Commodities (EMC) business to Societe Generale as the bank reduces its overall complexity and frees up capital for investment in Commerzbank’s core franchise. …
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