November 27, 2022

Ex-Bundesbank chief Jens Weidmann set to hitch Commerzbank

Ex Bundesbank chief Jens Weidmann set to join Commerzbank

Ex Bundesbank chief Jens Weidmann set to join Commerzbank

Former Bundesbank president Jens Weidmann is to develop into chair of Commerzbank subsequent 12 months, the German lender introduced on Saturday in a shock transfer that marks a vital vote of confidence in a financial institution that has lengthy been seen as a takeover candidate.

Weidmann, a extensively revered economist and former high adviser of then-chancellor Angela Merkel, resigned as the pinnacle of Germany’s central financial institution final 12 months after a 10-year stint.

Commerzbank mentioned Weidmann could be “proposed . . . as a…

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