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Unclear How We Get Out of Negative Rates: Commerzbank CFO Stephan Engels

Nov.07 -- Commerzbank AG Chief Financial Officer Stephan Engels discuses how the bank is dealing with the impact of negative interest rates. “What you want to avoid is that you scare customers off in bigger chunks” by raising costs, he said in an interview on "Bloomberg Surveillance" with Matt Miller in Frankfurt. “That’s why everyone is trying to kind of do it in small steps,” he said. Earlier today the German lender downgraded its full-year profit outlook, marking a second retreat in weeks.