Climate-damaging lending: Why Commerzbank fails to meet its sustainability targets
The financial figures that CEO Manfred Knof announced at Commerzbank’s virtual Annual General Meeting on Tuesday were well received by shareholders: Profits climbed by around 60 percent year-on-year to 2.2 billion euros, while return on equity was 7.7 percent. Thanks to its rigorous restructuring course, the long-troubled bank is back on a firm footing.The performance […]