Commerzbank's new CEO finalizes plans to cut 10,000 jobs

Reuters

Published Feb 03, 2021 03:45PM ET

FRANKFURT (Reuters) - Commerzbank (DE:CBKG)'s new chief executive Manfred Knof on Wednesday finalized plans to cut 10,000 jobs and close hundreds of branches, a radical overhaul for Germany's No. 2 bank that had eluded his predecessor.