Articles with tag like: restructuring

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Commerzbank suffers USD 3.3 bln Q4 loss amid restructuring and COVID-19

News | Payments General | 11 Feb 2021

Germany-based Commerzbank has declared a USD 3.3 billion loss in the fourth quarter of 2020, as the lender undergoes major restructuring and deals fallout from the pandemic, according to Reuters.

Commerzbank, loss, restructuring, COVID-19, bank, Germany, pandemic, lender, branch closure, mBank

Ant Group to restructure as financial holding company

News | Payments General | 05 Feb 2021

Ant Group has reached a restructuring agreement with the Chinese regulator to turn the fintech firm into a financial holding company.

Ant Group, China, restructuring, regulator, banking, holding company, nationalise