Commerzbank Names Vetter Chairman in Cerberus Setback

The transcript discusses Cerberus's opposition to a new appointment at Commerzbank, highlighting the conflict between Cerberus and the supervisory board. It also covers the future plans under new leadership, focusing on finding a new CEO and implementing deep restructuring and cost-cutting measures.

What was Cerberus's stance on the veteran's appointment?

• They suggested a different role.

• They were indifferent.

• They opposed it vehemently.

• They supported it wholeheartedly.

What is one of the immediate tasks for the new chairman?

• To close several bank branches.

• To launch a new marketing campaign.

• To find a new CEO.

• To expand the bank's workforce.

What did the current CEO, Martin Silca, announce?

• He will introduce new banking products.

• He will relocate the bank's headquarters.

• He plans to expand the bank.

• He wants to step down by the end of the year.

What is the bank in desperate need of, according to the third section?

• A new marketing strategy.

• A merger with another bank.

• A deep restructuring and cost-cutting.

• An increase in employee benefits.

What is likely to happen under the new CEO's leadership?

• The workforce will be increased.

• The cost-cutting measures will be intensified.

• The bank will open new branches.

• The bank will focus on international expansion.