Commerzbank CFO Discusses Cost Cuts, Adding Clients, Consolidation

The transcript discusses Commerzbank's financial strategies amidst challenging market conditions. It covers revenue alignment, cost-cutting measures, and employee reduction plans. The impact of negative interest rates on the business model is examined, along with strategies for market share growth and customer acquisition. The discussion also touches on infrastructure efficiency, particularly the role of Comdirect and Compass 2.0. Finally, the transcript explores the potential for mergers and market consolidation, emphasizing the challenges of cross-border mergers in Europe.

What are the implications of negative interest rates for the banking sector?

How does the company plan to adapt its business model in response to revenue pressures?

What are the potential outcomes of consolidation in the European banking market?