May 20, 2012

Commerzbank backs off euro zone as Q3 hit by Greece

Commerzbank backs off euro zone as Q3 hit by Greece

photoFRANKFURT (Reuters) – Germany’s second-largest lender Commerzbank will refuse loans which don’t help Germany or Poland, as the euro zone crisis makes European banks more protectionist in choosing between writing new business and meeting stringent capital requirements.