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Commerzbank issues earnings warning, sends shares to record low

Wednesday, August 3, 2016 - 05:50
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Commerzbank says that negative interest rates and persistent customer caution due to geopolitical uncertainties are hitting income and will continue to weigh on revenues.

Frankfurt

COMMERZBANK warned that its earnings would fall this year due to businesses borrowing less and the drag on its revenue from negative interest rates, knocking its shares to a record low.

Tuesday's outlook from Commerzbank was gloomier than its view in April that it would