Another Nail in Germany’s Economic Coffin: Commerzbank Cuts Out Jobs and Shareholders’ Profits

‘Hot on the heels of the Deutsche Bank debacle comes the next nail in Germany’s economic coffin.
Germany’s second largest bank, Commerzbank is planning to cut almost 10,000 jobs over and will stop paying dividends to shareholders. These actions will take place over the next 4 years.
When the news broke about Deutsche Bank collapsing, the German government said it will not assist the ailing bank – however, some have reported that the situation appears so dire that they may have softened.’
Read more: Another Nail in Germany’s Economic Coffin: Commerzbank Cuts Out Jobs and Shareholders’ Profits