Commerzbank News
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Deutsche Bank, Commerzbank, ING Data Breached in MOVEit Hack
Jul 12 2023 // Deutsche Bank AG, Commerzbank AG and ING Groep NV are among dozens of companies worldwide whose client data were compromised when a criminal hacking group exploited a security flaw in a file transfer tool. The attackers...
Commerzbank Executive Wins £300,000 in Sex Discrimination Suit
Mar 22 2023 // A Commerzbank AG manager won more than £300,000 ($366,650) in a sex discrimination lawsuit following a long-standing legal battle with the bank. Jagruti Rajput, who was a senior compliance officer at the firm’s...
Germany’s Commerzbank Sues EY for Losses Incurred in Wirecard Collapse
Jan 23 2023 // The German lender Commerzbank is suing accounting firm EY over the 200 million euros ($216.12 million) in losses that it incurred in the collapse of Wirecard, a bank spokesperson said on Thursday. Wirecard’s downfall...
Allianz Ready to Convert Commerzbank Non-voting Stake Say Sources
Jan 11 2012 // German insurer Allianz is ready to adjust its €750 million [$952 million] non-voting capital stake in Commerzbank to help the German lender strengthen its balance sheet, two sources familiar with the talks between the...
Allianz Sells Dresdner to Commerzbank for $14.23 Billion
Sep 2 2008 // After weeks of speculation, Germany’s Allianz SE has announced the sale of its Dresdner Bank unit, the country’s third largest, to Commerzbank for €9.8 billion ($14.2289 billion). Allianz also said it has...
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