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Commerzbank AG (FWB: CBK) is the second-largest bank in Germany, after Deutsche Bank, headquartered in Frankfurt am Main.

Commerzbank is mainly active in commercial banking, retail banking and mortgaging. It suffered reversals in investment banking and shut its Commerzbank Securities investment banking unit. Investment banking, capital market, equities, and corporate banking operations are now integrated as a division of the Commerzbank group.

Commerzbank holds a nationwide network of branch offices throughout Germany and numerous branch offices in the EU and Europe (namely London, Luxembourg, Poland, Spain and Switzerland) and with a leading market share in online banking. EuroHypo is an integral part of Commerzbank.

The bank holds representations and holdings in various commercial and financial centers in Asia and the Americas.

Germany's Commerzbank blamed the effects of the coronavirus pandemic for its first full-year loss since the 2009 financial crisis

Commerzbank Posts 2.9 Bln Euro Loss On Virus, Restructuring Woes

Commerzbank posts 2.9 bln euro loss on virus, restructuring woes

Commerzbank's latest appointment is a bid to end turmoil after Martin Zielke resigned at the start of July 2020, following sustained criticism by shareholders of his performance and the bank's losses

Commerzbank Names Deutsche Bank's Manfred Knof As New CEO

Commerzbank names Deutsche Bank's Manfred Knof as new CEO

Markus Braun, former Wirecard CEO, is in custody on suspicion of falsifying accounts and market manipulation

German Ministers In Hot Seat Over Wirecard Collapse

German ministers in hot seat over Wirecard collapse

1.9 billion euros ($2.2 billion) was missing from Wirecard's accounts according to auditors

Wirecard Ex-CEO, Board Members Arrested Over '3.2 Bn Fraud'

Wirecard ex-CEO, board members arrested over '3.2 bn fraud'

Commerzbank Bank CEO Zielke Offers To Resign

The bank is under pressure from activist investor Cerberus to slash 7,000 jobs.

Wirecard was once held up as an example of an innovative, nimble company outsmarting lumbering banking giants at their own game

Wirecard Collapse An 'Unparallelled Scandal'

Wirecard collapse an 'unparallelled scandal'

Last week, auditors Ernst & Young said 1.9 billion euros ($2.1 billion) were missing from Wirecard's accounts

Wirecard Admits Missing 1.9 Billion Euros Likely Gone

Wirecard's revelation followed the resignation of the company's founder and chief executive Markus Braun on Friday after the firm was hit with fresh fraud allegations that have left it struggling for survival.

Markus Braun, founder and chief executive of scandal-hit technology and financial services company Wirecard, has quit with immediate effect

CEO Of Scandal-hit Wirecard Resigns

CEO of scandal-hit Wirecard resigns

CEO Of Scandal-hit Wirecard Resigns

CEO of scandal-hit Wirecard resigns

Germany’s Commerzbank Planning More Job Cuts, Branch Closures

Commerzbank has faced repeated criticism from U.S. based shareholder Cerberus

Prosecutors raid Commerzbank over 'cum-ex' tax fraud: report

Germany's Commerzbank is facing raids over a mass tax fraud known as 'cum-ex'

Deutsche Bank, Commerzbank Merger Called Off

Merger talks between Germany's top banks, Deutsche Bank and Commerzbank have failed.

Deutsche Bank, Commerzbank Proceed With Merger Talks

Deutsche Bank and Commerzbank, Germany's two biggest banks, want to merge to survive.

Commerzbank Sues Over Mortgage Losses

Bank of New York Mellon Corp. and units of Deutsche Bank AG, HSBC Holdings PLC and Wells Fargo & Co. were named in the lawsuits.

Commerzbank Chief Executive Martin Blessing

Germany's No. 2 Bank Chief To Quit

Martin Blessing was credited with bringing Commerzbank back to stability after the financial crisis.

China Manufacturing Contracts, Eurozone And US Slow

"It's all consistent with a global economy which clearly is struggling to make any significant headway," Commerzbank economist Peter Dixon said.

U.S. Federal Reserve Building, July 31, 2013

Federal Reserve May Tip Its Hand On Interest-Rate Hikes This Week

The U.S. Federal Reserve could signal the timing of its first interest-rate increase in more than eight years Wednesday.

Commerzbank May Pay $600M-$800M To Settle US Probe: Reuters

Among the violations being investigated are Commerzbank's transactions for the Islamic Republic of Iran Shipping Lines.

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Entrance of the German Commerzbank headquarters is pictured in Frankfurt

U.S. Targets Germany's Commerzbank In Latest Sanctions-Busting Probe

News of the probe comes little more than a week after French banking firm BNP Paribas pleaded guilty to felony charges in a U.S. court.

Commerzbank Will Cut 10% Of Workforce: Sources

German bank Commerzbank has agreed on a level of job cuts crucial to an ambitious years-long restructuring, said negotiators.

Another Day, Another Bank Layoff Announcement: ING

ING is the latest European financial services company to lay off thousands of employees amid the region's debt crisis.

Traders work at their desks in front of the DAX board at the Frankfurt stock exchange

European Markets Rise After US Fed QE3 Announcement

European markets rose Friday as investor sentiment turned positive following the announcement of another round of quantitative easing by the U.S. Federal Reserve.

Photo illustration shows two euro coin through a magnifying glass near a picture of German share trading DAX index

European Markets Rise Ahead Of Germany’s Court Ruling

Most European markets rose Wednesday with investors awaiting Germany's Constitutional Court to approve the euro zone's new bailout fund to help reduce the debt stress faced by the countries in the region.

President of the German Constitutional Court Vosskuhle pronounces judgment on euro bailouts at the German Constitutional Court in Karlsruhe

Most Important Supreme Court Decision Of 2012: Six Things To Know

The most important court decision of 2012 will take place Wednesday in Germany, when the red-robed justices of the German Constitutional Court hand down a decision for which it is no hyperbole to say it could change the course of history. The Court is expected to rule over whether Germany is barred from contributing to the European Stability Mechanism, Europe's all-purpose bailout fund of which the German state is the major planned benefactor.

Draghi's ECB Announcement - Spain A Stealth Loser, Italy A Silent Winner

While pundits and analysts dissected a myriad angles regarding the ECB's proposal, one lesser-considered issue has been how, following the announcement of the plan Thursday, it increasingly seemed Spain was being given the short end of the stick, while Italy was being favored, by the announcement.

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