Commerzbank
Commerzbank AG is a major German bank operating as a universal bank, headquartered in Frankfurt am Main. In the 2019 financial year, the bank was the second largest in Germany by the total value of its balance sheet.[4] The bank is present in more than 50 countries around the world and provides almost a third of Germany's trade finance.[5] In 2017, it handled 13 million customers in Germany and 5 million customers in Central and Eastern Europe. Commerzbank is a member of the Cash Group.[6] 15% of the shares are owned by the Federal Republic of Germany and 85% are in free float.
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| Aktiengesellschaft | |
| Traded as | FWB: CBK LSE: CZB |
| ISIN | DE000CBK1001 |
| Industry | Financial services |
| Founded | February 26, 1870 in Hamburg, Germany[1] |
| Founders | Theodor Wille et al.[1] |
| Headquarters | Kaiserplatz, , |
Area served | Worldwide |
Key people |
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| Services | |
| Revenue |  €8.57 billion (2018) |
 €1.245 billion (2018) | |
| €865 million (2018) | |
| Total assets | €462 billion (2018) |
| Total equity | €29 billion (2018) |
Number of employees | 49,174 (September 2018) |
| Capital ratio | 12.9% (2018) |
| Rating |
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| Website | commerzbank.com |
The bank has been subject to several corruption investigations,[7][8] paying $US1.5 billion in fines in 2015.[8]
Commerzbank Media
Share of the Commerz- und Privat-Bank AG, issued 2 April 1932
"Quatre vents" logo of Commerzbank, adopted in 1972, jointly with Crédit Lyonnais and Banco di Roma
New Commerzbank logo adopted in late 2009 following the merger with Dresdner Bank
Theodor Wille, founder of Commerzbank and its second Supervisory Board Chairman, in 1890
First head office building on the Nikolaifleet in Hamburg, completed in 1874 on a design by architect Martin Haller, photographed in 1886
Undated engraving of the Hamburg head office following interwar or postwar reconstruction
Commerzbank Hamburg-Altstadt.
Former head office of Berliner Bank in Berlin, as remodeled in 1923 with addition of upper floors[9]
The same building in 2009, heavily remodeled and repurposed as head office of DSGV
References
- ↑ 1.0 1.1 Manfred Pohl, Sabine Freitag, ed. (1994). Handbook on the History of European Banks. Brookfield: Edward Elgar Publishing. p. 375. ISBN 1-85278-919-0.
- ↑ (in en) Commerzbank Board of Managing Directors. January 1, 2021. https://www.commerzbank.de/en/hauptnavigation/konzern/management_1/vorstand/index.html. Retrieved January 20, 2021.
- ↑ (in en) Supervisory Board. August 3, 2020. https://www.commerzbank.de/en/hauptnavigation/konzern/management_1/aufsichtsrat/index.html. Retrieved August 3, 2020.
- ↑ "Commerzbank fourth-quarter net profit jumps 51 pct, tops expectations". www.cnbc.com. Feb 14, 2019. Retrieved Feb 14, 2019.
- ↑ How Germany Might Sell Its Commerzbank Stake: Four Scenarios. 2018-03-27. https://www.bloomberg.com/news/articles/2018-03-27/how-germany-might-sell-its-commerzbank-stake-four-scenarios. Retrieved 2018-03-27.
- ↑ http://www.cashgroup.de/
- ↑ Sims, Tom. "German prosecutors raid Commerzbank in tax evasion probe" (in en-GB). Reuters. https://uk.reuters.com/article/uk-germany-taxes-commerzbank/german-prosecutors-raid-commerzbank-in-tax-evasion-probe-idUKKBN1DA1TE. Retrieved 2018-05-03.
- ↑ 8.0 8.1 Protess, Ben (12 March 2015). Commerzbank of Germany to Pay $1.5 Billion in U.S. Case. https://www.nytimes.com/2015/03/13/business/dealbook/commerzbank-pays-1-45-billion-to-settle-us-investigations.html.
- ↑ 9.0 9.1 9.2 Cite error: Invalid
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