Commerzbank issues earnings warning, sends shares to record low

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 be "more challenging" to match 2015's net profit of 1.06 billion euros (S$1.6 billion).