Advertisement
UK markets close in 8 hours 12 minutes

  • FTSE 100

    8,126.26
    +47.40 (+0.59%)
     

  • FTSE 250

    19,663.79
    +61.81 (+0.32%)
     

  • AIM

    754.07
    +0.95 (+0.13%)
     

  • GBP/EUR

    1.1646
    -0.0010 (-0.09%)
     

  • GBP/USD

    1.2501
    -0.0010 (-0.08%)
     

  • Bitcoin GBP

    51,447.64
    -21.63 (-0.04%)
     

  • CMC Crypto 200

    1,388.47
    -8.06 (-0.58%)
     

  • S&P 500

    5,048.42
    -23.21 (-0.46%)
     

  • DOW

    38,085.80
    -375.12 (-0.98%)
     

  • CRUDE OIL

    84.09
    +0.52 (+0.62%)
     

  • GOLD FUTURES

    2,350.50
    +8.00 (+0.34%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • HANG SENG

    17,665.08
    +380.54 (+2.20%)
     

  • DAX

    18,027.51
    +110.23 (+0.62%)
     

  • CAC 40

    8,067.57
    +50.92 (+0.64%)
     
Stocks:

Trending tickers

Microsoft, Alphabet, Anglo American, IBM, Astrazeneca, Unilever and Sainsbury's

Commerzbank expects net loss in 2021

Reuters
Updated ·1-min read
FILE PHOTO: A Commerzbank logo is pictured in Frankfurt, Germany

FRANKFURT (Reuters) - Commerzbank expects a net loss for 2021, the lender said in its annual report on Wednesday, as Germany's No. 2 lender undergoes a radical overhaul.

But the loss will be "significantly lower" than the 5.7 billion euro ($6.73 billion) loss reported for 2020.

The bank also said it will pay its former Chief Executive Martin Zielke 3.3 million euros for 2021 as part of his termination agreement.

Zielke left the bank last year in a management reshuffle.

The details of the package come as the bank negotiates the exit of thousands of employees and closes branches.

(This story corrects attribution in second paragraph.)

(Reporting by Tom Sims; Editing by Riham Alkousaa and Maria Sheahan)