Advertisement
UK markets closed
  • FTSE 100

    7,952.62
    +20.64 (+0.26%)
     
  • FTSE 250

    19,884.73
    +74.07 (+0.37%)
     
  • AIM

    743.26
    +1.15 (+0.15%)
     
  • GBP/EUR

    1.1700
    +0.0006 (+0.05%)
     
  • GBP/USD

    1.2638
    +0.0016 (+0.13%)
     
  • Bitcoin GBP

    55,580.10
    -341.52 (-0.61%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • S&P 500

    5,254.35
    +5.86 (+0.11%)
     
  • DOW

    39,807.37
    +47.29 (+0.12%)
     
  • CRUDE OIL

    83.11
    -0.06 (-0.07%)
     
  • GOLD FUTURES

    2,254.80
    +16.40 (+0.73%)
     
  • NIKKEI 225

    40,369.44
    +201.37 (+0.50%)
     
  • HANG SENG

    16,541.42
    +148.58 (+0.91%)
     
  • DAX

    18,492.49
    +15.40 (+0.08%)
     
  • CAC 40

    8,205.81
    +1.00 (+0.01%)
     

Commerzbank mulls branch closures as part of broader strategy review

A Commerzbank logo is pictured before the bank's annual news conference in Frankfurt

FRANKFURT (Reuters) - German lender Commerzbank <CBKG.DE> is considering closing some bank branches as it figures out a way forward after its talks to merge with rival Deutsche Bank <DBKGn.DE> collapsed earlier this year, people familiar with the matter said on Wednesday.

The Frankfurt-based bank, which has maintained a broad network of branches as competitors retrenched to rely more on internet banking, is studying the closure of at least 100 or 200 of its 1,000 branches, the people said.

The Frankfurt-based bank is weighing the closures as part of a broader strategy review. The results are expected by October at the latest.

Commerzbank declined to comment.

Handelsblatt first reported the news.

(Reporting by Patricia Uhlig and Tom Sims; Editing by Michelle Martin)