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Germany's second largest bank Commerzbank slid as much as 14% today after it said it will sell €2.5bn to repay the government and insurer Allianz amid a company restructure.
Commerzbank is set to unveil a commodities-focused investment vehicle as part of the bank's drive into the UK investment market.
More than 100 London investment bankers have launched a claim in the High Court for £42m in unpaid bonuses.
Commerzbank is making its derivatives capabilities available via a retail portfolio for the first time, with the launch of the Commerzbank China Volatility Target fund.