Commerzbank - News, Articles & Research

Wirecard debacle costs Commerzbank €175 million in bad loans

Germany's Commerzbank has written off €175 million in loans made to collapsed payment processor Wirecard, a figure which is likely to push the bank into the red for the full year.

05 August 2020

Company announcement/startups

CommerzVentures invests $6m in insurtech Concirrus

Leading specialty analytics insurtech, Concirrus has today announced that CommerzVentures has made a $6 million investment into the business.

07 July 2020

Company announcement/people

Commerzbank chairman and CEO step down

The Presiding and Nomination Committee of the Supervisory Board of Commerzbank has discussed in its meeting today the offer of Martin Zielke to resign early as a Board Member of Commerzbank AG on the basis of a mutual termination of his Board Membership.

06 July 2020

Company announcement/crime

FCA hits Commerzbank with £37.8 million fine for AML failings

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.

17 June 2020

News/wholesale

İşbank and Commerzbank carry out Marco Polo transaction

Commerzbank and İşbank have run an international trade finance transaction on the Marco Polo blockchain network.

08 June 2020

News/startups

CommerzVentures leads £15m round in pay-as-you-drive insurance startup By Miles

By Miles, a UK-based pay-by-mile car insurance provider, has raised £15 million in Series B funding led by CommerzVentures.

22 May 2020

News/retail

Covid-19 scuppers Commerzbank plan to sell mBank

Germany's Commerzbank is abandoning its plan to sell off its majority stake in Polish unit mBank, concluding the Covid-19 crisis will prevent it getting an acceptable return.

11 May 2020

Finextra TV/startups

An insight into Commerzbank's R&D strategy

Michael F. Spitz, CEO, Main Incubator, CVC & R&D Commerzbank Group speaks to FinextraTV about whether banks can truly develop as digital technology companies, Commerzbank's partnership model with fintechs including investment at the proof of concept stage, space tech, digitisation of supply chains, DLT in capital markets, how banks embracing technological change will steer innovation and what benefits this will bring to the world of business.

15 April 2020

News

Commerzbank paves way for full comdirect ownership

Commerzbank has increased its holding in comdirect to over 90%, paving the way for full ownership of the online brokerage.

03 January 2020

Company announcement

Commerzbank now with Apple Pay

Commerzbank AG now offers its customers Apple Pay. Apple Pay enables easy, secure and private payments with iPhone, Apple Watch, iPad, and Mac. Customers can make fast and convenient purchases in stores, in apps and on websites.

10 December 2019

News

First transactions executed on Deutsche Bourse's blockchain-based securities lending platform

Commerzbank, Credit Suisse and UBS have successfully executed the first live transactions on Deutsche Börse's HQLAx securities lending platform.

03 December 2019

News

Commerzbank and Deutsche Bourse exchange cash and securities tokens in post-trade DLT trial

Commerzbank, Deutsche Bourrse and Meag, the asset manager of Munich Re and Ergo have undertaken a delivery-versus-payment transaction entailing the use of securities and cash tokens for settlement and collateral calls.

23 October 2019