Commerzbank to recapitalize on its own

Note: This section contains information in English only.
Source: Marketwatch
© Scanpix/AFP
Martin Blessing, CEO of Commerzbank, claimed the bank still can recapitalize without state financial aid. Blessing pointed out it is not worthwhile to gamble about the magnitude of capital shortages until European Banking Authority reports stress assessment findings. He also added that Commerzbank's shortfall is about €5 bn which is not a dangerous situation for the company.

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Wed, 23 Nov 2011 10:15:49 GMT

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