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Commerzbank to cut 3,900 jobs, lift targets in bid to fend off UniCredit

By Frank Prenesti

Date: Thursday 13 Feb 2025

(Sharecast News) - German lender Commerzbank is slashing almost 4,000 jobs and lifting financial targets as it moves to repel takeover moves from Italy's UniCredit.
Commerzbank said it would target net profit of €4.2bn, a significant jump from last year's €2.7bn.

"We are accelerating our profitable growth and consistently driving...

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