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'''Commerzbank [[Aktiengesellschaft|AG]]''' ({{FWB|CBK}}) is the second-largest [[bank]] in [[Germany]] (after [[Deutsche Bank]]), headquartered in [[Frankfurt|Frankfurt am Main]].
'''Commerzbank [[Aktiengesellschaft|AG]]''' ({{FWB|CBK}}) is the second-largest [[bank]] in [[Germany]] (after [[Deutsche Bank]]), headquartered in [[Frankfurt|Frankfurt am Main]].


Commerzbank is mainly active in [[commercial banking]], [[retail banking]] and [[mortgaging]]. It suffered reversals in [[investment banking]] and shut its Commerzbank Securities investment banking unit.<ref>http://www.cnbc.com/id/26452872</ref> Investment banking, capital market, equities, and corporate banking operations are now integrated as a [https://cbcm.commerzbank.com/en/site/home/index.jsp]division of the Commerzbank group.
Commerzbank is mainly active in [[commercial banking]], [[retail banking]] and [[mortgaging]]. It suffered reversals in [[investment banking]] and shut its Commerzbank Securities investment banking unit.<ref>http://www.cnbc.com/id/26452872</ref>


Commerzbank holds a nationwide network of branch offices throughout [[Germany]] and numerous branch offices all over the [[EU]] and [[Europe]] (namely [[London]], [[Luxembourg]], [[Poland]], [[Spain]] and [[Switzerland]]) and with a leading market share in [[online banking]]. [[EuroHypo]] is an integral part of Commerzbank.
Commerzbank holds a nationwide network of branch offices throughout [[Germany]] and numerous branch offices all over the [[EU]] and [[Europe]] (namely [[London]], [[Luxembourg]], [[Poland]], [[Spain]] and [[Switzerland]]) and with a leading market share in [[online banking]]. [[EuroHypo]] is an integral part of Commerzbank.


The bank further holds representations and holdings in major commercial and financial centers in [[Asia]] and the [[Americas]].
The bank further holds representations and holdings in some commercial and financial centers in [[Asia]] and the [[Americas]], however it does not have a presence in Tokyo.


== History ==
== History ==
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The [[Commerzbank Tower]] (designed by British [[architect]] [[Norman Foster, Baron Foster of Thames Bank|Norman Foster]]) was [[Europe]]'s first [[ecological]] [[skyscraper]] and also, from its completion in [[1997]] until [[2004]], [[Europe]]'s tallest skyscraper at a height of 301 meters.
The [[Commerzbank Tower]] (designed by British [[architect]] [[Norman Foster, Baron Foster of Thames Bank|Norman Foster]]) was [[Europe]]'s first [[ecological]] [[skyscraper]] and also, from its completion in [[1997]] until [[2004]], [[Europe]]'s tallest skyscraper at a height of 301 meters.


Commerzbank was the first German bank to establish a branch in [[New York City]] in [[1971]].
Commerzbank was the first German bank to establish a branch in [[New York City]] in [[1971]], however this office was significantly scaled back in 2004 with the demise of its investment banking unit, Commerzbank Securities. The building also appears in the European tileset for the game SimCity 4.


In August 2008, Commerzbank announced that they are to purchase 100% of [[Dresdner Bank]], largely with shares, a deal expected to be completed by the end of 2009. At the conclusion of the purchase, it is expected that current Dresdner owner [[Allianz]] will hold approximately 30% of Commerzbank.<ref>{{cite news|url=http://ftalphaville.ft.com/blog/2008/09/02/15512/dresdner-deal-raises-concerns/|title=Dresdner deal raises concerns|last=Robinson|first=Gwen|date=[[2 September]] [[2008]]|work=[[Financial Times]]|accessdate=2008-09-03}}</ref>
In August 2008, Commerzbank announced that they are to purchase 100% of [[Dresdner Bank]],largely with shares, a deal expected to be completed by the end of 2009. At the conclusion of the purchase, it is expected that Allianz will control Commerzbank through a 30% ownership share.


==Trivia==
==Trivia==
*The Commerzbank was featured as a default background for Motorola's Razor Cell Phone.
The Commerzbank was featured as a default background for Motorola's Razor Cell Phone.
*The building also appears in the European tileset for the game SimCity 4.


==See also==
==See also==

Revision as of 02:25, 5 September 2008

This article is about the bank headquartered in Frankfurt, Germany. For Commerce Bank, see Commerzbank (disambiguation).
Commerzbank AG
Company typePublic (FWB: CBK)
IndustryFinancial services
Founded26 February 1870
HeadquartersFrankfurt am Main, Germany
Key people
Martin Blessing (CEO and Chairman of the executive board), Klaus-Peter Müller (Chairman of the supervisory board)
ProductsRetail, commercial and commercial real estate banking
Revenue€7.879 billion (2007)[1]
Increase €2.513 billion (2007)[1]
Increase €1.917 billion (2007)[1]
Total assets€616.5 billion (2007)[1]
Number of employees
36,770 (2007)[1]
SubsidiariesEurohypo
Websitewww.commerzbank.com

Commerzbank AG (FWB: CBK) is the second-largest bank in Germany (after Deutsche Bank), headquartered in Frankfurt am Main.

Commerzbank is mainly active in commercial banking, retail banking and mortgaging. It suffered reversals in investment banking and shut its Commerzbank Securities investment banking unit.[2]

Commerzbank holds a nationwide network of branch offices throughout Germany and numerous branch offices all over the EU and Europe (namely London, Luxembourg, Poland, Spain and Switzerland) and with a leading market share in online banking. EuroHypo is an integral part of Commerzbank.

The bank further holds representations and holdings in some commercial and financial centers in Asia and the Americas, however it does not have a presence in Tokyo.

History

The headquarters tower

Commerzbank was founded in 1870 by individual and merchant bankers in Hamburg. After merging with Berliner Bank, it moved its headquarters to Berlin in 1905. After World War II, the headquarters first moved to Düsseldorf and, in 1958, to Germany's financial centre, Frankfurt.

The Commerzbank Tower (designed by British architect Norman Foster) was Europe's first ecological skyscraper and also, from its completion in 1997 until 2004, Europe's tallest skyscraper at a height of 301 meters.

Commerzbank was the first German bank to establish a branch in New York City in 1971, however this office was significantly scaled back in 2004 with the demise of its investment banking unit, Commerzbank Securities. The building also appears in the European tileset for the game SimCity 4.

In August 2008, Commerzbank announced that they are to purchase 100% of Dresdner Bank,largely with shares, a deal expected to be completed by the end of 2009. At the conclusion of the purchase, it is expected that Allianz will control Commerzbank through a 30% ownership share.

Trivia

The Commerzbank was featured as a default background for Motorola's Razor Cell Phone.

See also

References

  1. ^ a b c d e "Annual Report 2007" (PDF). Commerzbank. Retrieved 2008-08-25.
  2. ^ http://www.cnbc.com/id/26452872
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