|Type||Aktiengesellschaft (FWB: CBK)|
|Founded||26 February 1870|
|Key people||Martin Blessing (CEO and Chairman of the executive board), Klaus-Peter Müller (Chairman of the supervisory board)|
|Products||Retail, commercial and commercial real estate banking|
|Revenue||€9.879 billion (2011)|
|Operating income||€747 million (2011)|
|Profit||€638 million (2011)|
|Total assets||€661.76 billion (2011)|
|Total equity||€24.10 billion (2011)|
|Subsidiaries||Eurohypo, Dresdner Bank, Bank Forum|
Commerzbank is mainly active in commercial bank, retail banking and mortgaging. It suffered reversals in a disastrous foray into investment banking in the early 2000s and eventually closed down its Commerzbank Securities investment banking unit after Chairman Klaus-Peter Müller labelled it a "problem child". The remaining investment banking activities were folded into a division of the commercial bank called Corporates and Markets. The remaining investment banking activities are in fixed income, commodities, FX and Funds of Hedge Funds (COMAS) Investment banking, capital market, equities, and corporate banking operations are now integrated as a division of the Commerzbank group.
Commerzbank staged a turnaround in the early 2000's under the leadership of Mehmet Dalman.
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.
Commerzbank was founded in 1870 by individual and merchant bankers in Hamburg, Germany. 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 skyscraper and also, from its completion in 1997 until 2004, Europe's tallest skyscraper at a height of 259 meters.
Commerzbank was the first German bank to establish a branch in New York City in 1971, however this office was significantly scaled back in 2004 with the demise of its investment banking unit, Commerzbank Securities.
In August 2008, Commerzbank announced that it would purchase 100% of Dresdner Bank from Allianz for €5.5 billion, largely with shares. Dresdner Bank was legally merged with Commerzbank on 11 May 2009 and ceased to be an independent entity.
December 2008 - January 2009: Commerzbank had to be bailed out by the German taxpayer with a cash injection of €18.2 billion from the government.
- In 2009, Dresdner Bank merged into Commerzbank, bringing with it the Dresdner Kleinwort subsidiary
- In 2010, Commerzbank reneged on pay commitments to Dresdner staff
- BRE Bank, Poland
 See also
||This article uses bare URLs for citations. (May 2012)|
- "Annual Results 2010" (PDF). Commerzbank. Retrieved 24 February 2011.
- Commerzbank Buy Threatens Dresdner Kleinwort Future - Mergers and Acquisitions - CNBC.com[dead link]
- Robinson, Gwen (2 September 2008). "Dresdner deal raises concerns". Financial Times. Retrieved 2008-09-03.
- "Dresdner Bank merged into Commerzbank" (Press release). Commerzbank. 11 May 2009. Retrieved 8 April 2011.
- "comdirect.de". comdirect.de. 2012-05-16. Retrieved 2012-05-21.
- "The new Commerzbank". About Us. Commerzbank. Retrieved 8 April 2011.
- "Commerzbank Cancels Most Dresdner Kleinwort Bonuses". The Wall Street Journal. 18 February 2009.
- "Collegium Glashütten - Zentrum für Kommunikation". Collegium-glashuetten.de. Retrieved 2012-05-21.
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