Commerzbank to cut up to 6,000 jobs
Commerzbank, the second-largest lender in Germany, is planning to cut up to 6,000 jobs in a bid to increase earnings, joining other European banks that have announced restructuring plans in recent months.
Bank of America has announced it plans to cut 30,000 to 35,000 jobs over three years after it completes its purchase of Merrill Lynch.