Commerzbank to cut almost 10,000 jobs to shore up profits
German bank will also suspend dividends and merge finance units under radical plan
German bank will also suspend dividends and merge finance units under radical plan
Germany’s second biggest lender reports a fourth quarter net profit of €187m
Germany’s second-largest lender says it will propose payout of 20 cents per share
Net income increased to €77 million at Germany’s second-largest lender
Lender’s target of reaching a 10% return on equity appears unlikely
Net income increased to €225 million from €75 million a year earlier
Bank is firing staff to help boost profitability as it tackles souring shipping and commercial real estate loans
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