Commerz to spin off structured equities, scale back exotics

German bank offers more detail on plans to retreat from derivatives and bond trading

commerzbank
German bank sees "no future" for itself in exotics

Commerzbank will move its structured equities business into a separate legal entity and retreat from a host of other trading businesses, including exotic rates and foreign exchange, as part of an effort to free up regulatory capital and improve profitability. The bank outlined the restructuring on September 30, but further details were revealed in its third-quarter results on November 4.

The new strategy, dubbed ‘Commerzbank 4.0', involves restructuring costs of around €1.1 billion and will resu

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