Germany's Commerzbank exits ship financing

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Wednesday, June 27, 2012

Germany's Commerzbank said Tuesday that it's getting out of ship and real estate financing as part of a plan to focus on its core business. "In view of the continuing uncertain situation on the financial markets, the heightening of the sovereign debt crisis and the increasing regulatory burdens, Commerzbank intends to accelerate the path it has already taken, with its focus on customer-centric and profitable core business, the minimisation of risks and a reduction in complexity. T...

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