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Tag: German bank

Commerzbank set to axe over 5,000 jobs: report

After posting a first-quarter loss due to heavy restructuring costs, Germany’s second-biggest financial institution Commerzbank would drop more than one in 10 members of its workforce worldwide over the next three years ...

Bank staff naps on keyboard, transfers millions by mistake

German bank employee was supposed to transfer just €62.40 but instead fell asleep while pushing onto the number ‘2’ key on the keyboard – making it a huge €222,222,222.22 order ...