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Is another German bank in trouble? Commerzbank to cut 9,600 jobs and suspend dividend

Commerzbank, the second-biggest bank in Germany, has suspended its dividend and revealed more than 9,000 job losses as it tries to shore up its business in the face of ultra-low interest rates and sagging client activity.   The bank said its decision to cut almost one in five of its employees worldwide and merge two of its largest businesses will result in a €700m write-off and a loss for this quarter.
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Now another German bank is in trouble: Commerzbank to cut 9,600 jobs and suspend dividend

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