
Commerzbank logs anticipated profit plunge
Germany’s second-largest lender, Commerzbank, has booked a steep decline in bottom-line earnings for 2016. The bank kept battling through a tough restructuring in a volatile business environment.Commerzbank announced Thursday its net profits were down more than 74 percent year on year in 2016. Releasing full-year financial results, Germany’s second-biggest lender said it logged bottom-line earnings …