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Commerzbank CFO just announced that he is stepping down in March. Commerzbank was 2.73 at some point. Now it’s at 2.13. Quite a drop at around 22%. Something is wrong with that bank like something is wrong with BofA and Citi. Considering how Germany and her banks had to shoulder a lot of the PIGS debt burden, I’m not surprised German banks are headed in a bad direction. Seems Commerzbank may have been a bit too patriotic and/or greedy.

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