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BRIEF-Commerzbank to transfer securities settlement ‍​
December 7, 2017 / 9:20 AM / 6 days ago

BRIEF-Commerzbank to transfer securities settlement ‍​

Dec 7 (Reuters) - Commerzbank Ag:

* SAYS IT AND HSBC TRANSACTION SERVICES GMBH AGREE STRATEGIC PARTNERSHIP FOR SECURITIES SETTLEMENT‍​

* SAYS COMMERZBANK’S SECURITIES SETTLEMENT BUSINESS PROCESSES WILL BE TRANSFERRED

* SAYS A JOINT VENTURE SHALL BE SET UP IN WHICH COMMERZBANK SHALL HAVE A 20 PER CENT MINORITY STAKE

* SAYS INVESTMENTS AND EXPECTED MEDIUM-TERM SAVINGS ARE FULLY ACCOUNTED FOR IN THE “COMMERZBANK 4.0” STRATEGY Further company coverage:

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