Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Ex-Bundesbank boss Weidmann to be nominated as Commerzbank supervisory board head

Published 11/19/2022, 12:08 PM
Updated 11/19/2022, 12:10 PM
© Reuters. German Bundesbank President Jens Weidmann attends the weekly cabinet meeting in Berlin, Germany, September 23, 2020. Kay Nietfeld/Pool via REUTERS

BERLIN (Reuters) - Former Bundesbank chief Jens Weidmann is to be a candidate to become chairman of Commerzbank (ETR:CBKG)'s supervisory board after Helmut Gottschalk decided not to stand for a new term in the role, the German bank said on Saturday.

It said shareholder representatives of the Presiding and Nomination Committee had responded positively to Gottschalk's recommendation to propose Weidmann for election to the supervisory board at the annual general meeting in May 2023.

"It is also intended that he will subsequently be elected the successor of Helmut Gottschalk as chairman," the bank said in a statement.

Weidmann, an economist, quit last year as head of the Bundesbank after a decade of fruitless opposition to the European Central Bank's aggressive stimulus policy of sub-zero interest rates and massive government bond purchases.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.