Commerzbank: The Federal government is not afraid of more responsibility

The Federal government as the largest shareholder, is not willing to take on the Supervisory Board of the largely leaderless Commerzbank more responsibility. Ne

Commerzbank: The Federal government is not afraid of more responsibility

The Federal government as the largest shareholder, is not willing to take on the Supervisory Board of the largely leaderless Commerzbank more responsibility. Neither Jutta Dönges and Frank Czichowski, which were sent by the Federal government in may to the Supervisory Board, according to information from the F. A. Z. for the Chairman of the Supervisory Board available. This is vacant, because it is not only the Chairman of the Board Zielke, but also the Chairman of the Supervisory Board Stefan Schmittmann retirement.

Hanno Mußler

editor in the economy.

F. A. Z.

in order for the waistband of his since the government rescue of Commerzbank in the Winter of 2008/2009 adopted remains even in the greatest crisis of the Bank since the state's initial loyalty: The Federal government has yet to 15.6 percent of all Commerzbank shares, for by the former Federal government of the Merkel/Steinbrück 5 billion euros have been paid and which are currently only 900 million euros in value. But the Federal government has imposed, to take on the business policy of the Commerzbank a little visible impact. The opposite would be the case if a representative of the Federal government would take over the chairmanship, it is argued, behind the Scenes.

The New is to be the chief

since may of 2018 President of the Supervisory Board Chairman Schmitt man wants to be a mandate on 3. August put down. Therefore, the Supervisory Board met on Wednesday morning to a special meeting.

just prior to its beginning, it was considered unlikely that this Wednesday a new Supervisory Board is appointed member for Schmitt, man. This will take one to two weeks, learned circles of the F. A. Z. from the Supervisory Board. Ideally, the new Supervisory Board member was not also ready to take on the chairmanship, since all of the current members – now –available. First, there was a new Chairman of the Supervisory Board should then find a new CEO for Zielke.

ordered a new Chairman of the Board, in turn, would be the Zielke recently developed strategy of Commerzbank is not implemented. It provides for the Hearing to take in the private customer business, many digital services of Comdirect.

This successful direct Bank, long years, a listed subsidiary, has acquired Commerzbank's just completely up to you songs in your group to enter. Thus, the digital Transformation of Commerzbank is to be accelerated. In return, many stores will be closed, so Zielkes previous Plan. According to reports, around half of the nationwide 1000 Commerzbank branches is on the Brink.

bald blow for the workforce

the workforce is a particularly harsh deforestation to Zielkes plans. Apparently each third of 40,000 full-time wobbles make. However, such removal is tedious, since the works Council must be involved. It Zielkes parting words are coined: "The Bank needs a profound Transformation and for a CEO that gets from the capital market, but also the time necessary for the implementation of a strategy."

Updated Date: 08 July 2020, 09:19

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