In a growing sign that all is not well with European banks and German banks in particular, Commerzbank on Thursday said it would cut nearly 10,000 jobs, or more than 20 percent of its workforce, and stop paying dividends. Germany’s second-biggest lender expects restructuring costs of $1.2 billion as it combines business segments, cuts costs...

Topics:  european   german   commerzbank   jobs   dividend   costs   banks   
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