Ukraine concerns escalate, Fed remarks in focus

LONDON – European markets pulled back sharply on Monday as investors continued to track tensions in Ukraine and remarks from US Federal Reserve officials about the interest rate outlook. The pan-European Stoxx 600 slid 2.6% in early trade, with banks plunging 4.5% to lead losses as all sectors and major stock exchanges slid into negative … Read more

Commerzbank second quarter 2021 profit

LONDON — Commerzbank reported a net loss in the second quarter on Wednesday due to restructuring costs and an exceptional write-off of an outsourcing project. The German lender saw a net loss of 527 million euros ($625.7 million) in the three months to the end of June, roughly in line with analyst expectations of a … Read more