Commerzbank benefits from Müller’s surprise medicine

Little more than a year ago Commerzbank was the sick man of European finance, seemingly destined to a lonely, perhaps terminal, decline. Now insiders say the surprise acquisition of Eurohypo has given the merged firm, and its investment bank, a new lease of life. Philip Moore reports on the patient’s progress.

Commerzbank and Müller: A marriage of convenience?

SPEAK TO VIRTUALLY any member of the senior management at Commerzbank or Eurohypo and they will suggest that in a number of areas the alliance between the two has amounted to something that approximates to the banking industry’s equivalent of a match made in heaven.

“On the investment banking side of the business things are going remarkably well. The business is gaining a momentum of its own, which we are delighted by,” says Nicholas Teller, overall head of investment banking and member of the board of managing directors.

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