On Air Now

Current Show

Show Info »

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 100.7 FM Terre Haute, IN

Weather

Current Conditions(Terre Haute,IN 47807)

More Weather »
69° Feels Like: 69°
Wind: S 3 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Today

Mostly Cloudy 80°

Tonight

Isolated Thunderstorms 67°

Tomorrow

Isolated Thunderstorms 89°

Alerts

Commerzbank says management board to shrink to 7 members by 2014

The logo of Germany's Commerzbank is pictured behind a fountain in Frankfurt May 10, 2013. Picture taken May 10, 2013. REUTERS/Lisi Niesner
The logo of Germany's Commerzbank is pictured behind a fountain in Frankfurt May 10, 2013. Picture taken May 10, 2013. REUTERS/Lisi Niesner

FRANKFURT (Reuters) - Germany's Commerzbank said Jochen Kloesges and Ulrich Sieber will leave by year end, shrinking the management board of the country's second-largest lender down to seven from nine members.

The board reduction is part of a broader restructuring drive to cut costs launched in November 2012, the bank said on Wednesday.

(Reporting by Edward Taylor)

Comments