Commerzbank shares fall sharply after Reuters exclusive.
11.03.2008
When Commerzbank announced on Nov. 3 that they would take a capital infusion from the German government’s bank rescue fund, Reuters clients had already been ahead of the curve by a full three days. Our banking sector team had revealed exclusively on Friday, Oct. 31 that Commerzbank was actively considering approaching the state for a capital injection that would give Germany a stake in the country’s second-biggest lender. Reuters was alone in tapping sources to report the news exclusively, which sent Commerzbank shares falling as much as 10 percent. This is crucial information for investors at a time of unprecedented friction on financial markets.