Institutions

What major funds, pension managers, and sovereign wealth vehicles are doing — reallocations, exposure changes, executive moves, and M&A reshaping the asset management landscape.
Commerzbank to cut 3,000 jobs, invest €600m in AI

Commerzbank to cut 3,000 jobs, invest €600m in AI

Commerzbank will cut about 3,000 jobs, roughly 8% of staff, and invest €600 million in AI over four years, targeting €500 million in annual value from 2030 under Momentum 2030.