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Commerzbank AG (CZB.L)

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  • Reuters

    Commerzbank deepens partnership with Microsoft amid revamp

    Commerzbank said on Wednesday that it would widen its partnership with Microsoft by putting a significant portion of its applications in the cloud over the next five years. The two companies have been working together since 2018, and Commerzbank has been trying to increasingly digitize its business in recent years. The announcement comes as Germany's No. 2 lender works on a strategic plan under a new chief executive officer, with details expected in the coming weeks.