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SMALL BUSINESS
Commerzbank 3Q loss of $1.6 billion
AP ONLINE
posted: 26 DAYS 19 HOURS AGO
FRANKFURT (AP) — German lender Commerzbank AG says its third quarter net loss amounted to €1.1 billion ($1.6 billion) as the company continues to restructure and as it faces charges due to its Dresdner Bank acquisition.
Commerzbank, based in Frankfurt says however that its operating income rose to €120 million in the period compared with a operating loss of €475 million in the third quarter of 2008.
Commerzbank is Germany's second largest lender after Deutsche Bank AG.
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