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  • Germany's second-largest lender Commerzbank said Thursday it will cut 10,000 jobs and close 340 branches by 2024 as it grapples with a switch to online banking and cashless payment options. The cuts will affect one in three jobs in Germany, the Frankfurt-based lender said in a statement. "As part of a wide-ranging digitalisation, the bank will substantially reduce its branch network from the current level of 790 to 450," it added. fec/hmn/rl
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  • Commerzbank to cut 10,000 jobs, close 340 branches: statement
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