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Alfa-Bank, Commerzbank Pilot Cross-Border Payments on R3’s Marco Polo
12.10.2019
Alpha-Bank and Commerzbank launch a pilot project of Russia-Germany payments via Marco Polo Network
Major German Coop Bank Passes Negative Interest Rates to Customers
9.10.2019
One of Germany’s largest cooperative banks has begun charging its retail customers a negative interest rate. Other major banks could follow suit since the European Central Bank cut the deposit rate to a record low. Deutsche Bank recently said that it needs to be “much more robust about...
Massive Layoffs: Banks Cutting Nearly 60,000 Jobs Worldwide
30.9.2019
Banks are laying off workers across the globe as revenue declines throughout the sector. According to reports, banks have announced nearly 60,000 job cuts so far this year, with most of the layoffs happening in Europe, especially in Germany. Also read: Panic at 137 Bank Branches as RBI Limits...
No Humans Required: Commerzbank Develops Blockchain Payments for Automated Trucks
8.8.2019
Commerzbank has developed a blockchain-based solution it says allows automated trucks to pay for power charging with no human involvement
Commerzbank Tests Blockchain Machine to Machine Payments with Daimler
8.8.2019
Mercedes-Benz parent company Daimler and Commerzbank just tested blockchain-based machine to machine payments
Commerzbank Decides to Lift Loan Provisions due to ‘worsening’ Economic Conditions
8.8.2019
The German economy, which is the largest in Europe and one of the largest in the world, has been going through growing pains over the past few quarters. In such a situation, the country biggest banks have also had to go through their share of pain, and in this regard, banking giant Commerzbank...
As Deutsche Bank Shares Hit New Lows, CEO Promises Tough Cuts
23.5.2019
At one point of time, German banking giant Deutsche Bank was looked upon as being in the same category of some of the biggest banks of the world like Goldman, JP Morgan, and Barclays among others, as it set its sights on international domination. However, the financial crisis of 2008 burned...