Commerzbank CFO Sees No Near-Term End to Negative Rates

The transcript discusses the impact of low interest rates on Comerica Bank's revenue and the potential benefits of interest rate normalization. It explores consolidation trends in the European banking industry, driven by revenue pressures. The conversation shifts to the challenges and opportunities posed by fintech and digitalization, highlighting Commerzbank's strategies to adapt. The decision to sell the EMC business is explained as a move to simplify operations amid regulatory and IT complexities. Finally, the transcript touches on the political and economic uncertainties facing European banks, including potential risks from political changes in France.

What impact did the low interest rate environment have on revenue?

What could a 1% rise in interest rates potentially add to Comerica Bank's revenue?

What is the speaker's outlook on the normalization of interest rates?

What strategy is Commerzbank implementing to increase profitability?

How does the speaker view the competition from fintech companies?

Why is the speaker considering exiting the derivatives business?

What challenges does the speaker mention regarding the political situation in Europe?