Commerzbank CFO Engels on Cutting Targets, Brexit, M&A

The CFO of Commerce Bank discusses the positive aspects of the bank's earnings report, including customer growth and net interest income. Challenges such as negative interest rates and adjustments to revenue targets are addressed. The bank's digitalization strategy involves internalizing projects to enhance agility. Economic conditions in Germany and potential consolidation with Deutsche Bank are considered. The impact of Brexit on operations and strategies for attracting talent are also discussed.

What were the positive aspects mentioned in today's earnings report?

What challenges did the CFO mention regarding the 2020 revenue target?

How has the prolonged period of negative interest rates affected the bank's revenue targets?

What is the plan for headcount reduction mentioned by the CFO?

How does the CFO perceive the current economic situation in Germany?

What are the implications of Brexit for Commerzbank's operations in London?

What strategies are being implemented to attract new talent to Commerzbank?