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2016-09-30 — telegraph.co.uk
The bank said its decision to cut almost one in five of its employees worldwide and merge two of its largest businesses will result in a €700m write-off and a loss for this quarter.
...
Commerzbank also warned that "ongoing weakness in the shipping markets" would push up its loan loss provisions in the coming months. The bank decided four years ago to exit the ship financing business but still has about €8bn on its books.
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