Commerzbank implements hiring freeze

Commerzbank has become the latest bank to succumb to difficult market conditions and has implemented a hiring freeze and cost-cutting programme.

In an interview with the Frankfurter Allgemeine Zeitung, Commerzbank's new chief executive Klaus-Peter Müller said: &quotWe will surely not make any new hires for the rest of the year. We will do everything to improve the bank's earnings.&quot

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