BoE’s boost to sterling wanes; euro falls as inflation figures come into focus
Thursday saw a decline in the value of the pound, the euro, and the dollar as the relief over the Bank of England’s involvement in the bond market subsided.Additionally, investors expected German inflation data.Following the BoE’s announcement of an emergency bond-buying programme to support a gilt market that had been in freefall alongside the pound, […]
Commerzbank Q4 weighed down by provisions at Polish mBank unit
Commerzbank said that its fourth-quarter earnings would be impacted by provisions made at its Polish mBank subsidiary. It would still post a net profit for the full year. The German lender said that mBank had made provisions regarding the foreign currency indexed loan agreements in the amount of 2.006 billion zloty. Also, added that its fourth-quarter results […]
Commerzbank delivers upbeat outlook after swing to profit
A first-quarter profit and raised revenue outlook are given by the Commerzbank, which is all against the expectation on it. This is buoyed by strong trading commission as the German lender shrinks operations and makes heavy job cuts. This Germany’s second-biggest bank is expected to remain in the red this year as it conducts a […]