bank in crisis commerzbank is pushing ahead with downsizing

FRANKFURT, June 1 (Reuters) – Commerzbank AG on Thursday introduced substantial action in its initiative to shed its 4.5 billion euro ($ 5.05 billion) profile of distressed delivery financings. The German bank stated it had actually returned its regulatory permit to provide ship Pfandbriefe or protected bonds, which are safety and securities backed by shipping …

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