Commerzbank

Commerzbank

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Commerzbank

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Description:
Commerzbank AG is the second-largest bank in Germany, after Deutsche Bank, headquartered in Frankfurt am Main.

Commerzbank is mainly active in commercial bank, retail banking and mortgaging. It suffered reversals in investment banking in early 2000s and scaled back its Securities unit. The investment banking unit was rebuilt later under the banner of Corporates and Markets. The new investment banking unit was hugely successful in many areas including fixed income, commodities, FX and Funds of Hedge Funds (COMAS)

Commerzbank holds a nationwide network of branch offices throughout Germany and numerous branch offices in the EU and Europe (namely London, Luxembourg, Poland, Spain and Switzerland) and with a leading market share in online banking. EuroHypo is an integral part of Commerzbank.

The bank holds representations and holdings in various commercial and financial centers in Asia and the Americas.

History

Commerzbank was founded in 1870 by individual and merchant bankers in Hamburg. After merging with Berliner Bank, it moved its headquarters to Berlin in 1905. After World War II, the headquarters first moved to Düsseldorf and, in 1958, to Germany's financial centre, Frankfurt.

The Commerzbank Tower (designed by British architect Norman Foster) was Europe's first ecological......
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