Commerzbank warned its financial performance this year was unlikely to match that of 2007 as the German bank reported its third consecutive quarterly loss in its capital markets and trading business. It is likely to make over â¬300m ($462.7m) of writedowns, analysts said.
The corporates and markets suffered its third consecutive loss as Commerzbank reported a â¬50m ($77m) loss, versus a â¬174m profit in the first quarter of last year, as the bank announced â¬579m of impairment charges and writedowns.
