Business
Commerzbank to Cut 3,000 Jobs in Push to Boost Profit Amid UniCredit Bid
Commerzbank CBK -3.93%decrease; red down pointing triangle said it would cut as many as 3,000 roles and lifted financial targets, as the bank resists a takeover from Italian rival UniCredit UCG -1.26%decrease; red down pointing triangle.
The lender on Friday raised its expectations for 2028 and set new goals in a plan for 2030 that targets higher revenue and profit. It aims to further integrate artificial intelligence into its planning, countering a strategy from aspiring acquirer UniCredit to revamp the bank.
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