Commerzbank issues earnings warning, sends shares to record low
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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).
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