Monday, September 26, 2016

Commerzbank could emphasize dividend – FAZ – Frankfurter Allgemeine Zeitung

In the current year, the dividend for the Commerzbank could fail-investors.

to enforce its ambitious austerity plans, the Commerzbank, its only just resumed dividend payments. Given the cost of the reorganisation of the Bank the Board of Directors plan to eliminate the dividend for the current year, reported the “Handelsblatt”, citing financial circles. The Bank had paid out for in 2015 for the first time since the financial crisis of 20 cents per share. The restructuring effort is estimated at one billion euros, the redevelopment is expected to take up to the year 2020. 9000 jobs could be cut.

it is reported How the F. A. Z. in their Saturday edition, it could even meet a five-digit number of employees. The new Bank would then have the two pillars of private customer and corporate customer business. The current separation between commercial and investment banking could disappear. However, the plans must be approved this week by the Supervisory Board. The Chairman of the Board Martin Zielke has been working since he took office in may on a new strategy for the Bank. On Friday, he wants to introduce you to the public.

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