Germany's second-largest bank has reported a loss of 716 Million euros for the fourth quarter of 2012. The partially state-owned Commerzbank is now looking to cut between 4,000 and 6,000 full-time positions by 2016.
When news of the Facebook-Cambridge Analytica data scandal broke, the skies above Menlo Park darkened. As the social network releases its Q1 figures, have rumors of its demise been greatly exaggerated?
Deutsche Bank's new CEO has no time to lose. He has only one chance to get the embattled financial giant back on its feet. If he fails, Germany's biggest lender will be history, writes DW business editor Henrik Böhme.
"Move fast and break things" is a famous Facebook corporate motto. The recent data breach scandal has certainly seen trust broken fast, especially among users. Will it leak into Facebook's key revenue source?
The US investment group has taken a 3 percent stake in Germany's biggest lender, making Cerberus the fourth largest shareholder and fueling speculation about a merger between Germany's biggest private banks.
© 2018 Deutsche Welle |
Legal notice |
| Mobile version