The Frankfurt-based bank, which has maintained a broad network of branches as competitors retrenched to rely more on internet banking, is studying the closure of at least 100 or 200 of its 1,000 branches, the people said. The Frankfurt-based bank is weighing the closures as part of a broader strategy review. The results are expected by October at the latest. Commerzbank declined to comment. (Reporting by Patricia Uhlig and Tom Sims; Editing by Michelle Martin)

Source: Huffington Post June 12, 2024 16:09 UTC