Tag: EU

Germany to face wave of bankruptcies amid inflation and Ukraine sanctions

May 9, 2022. The future of Commerzbank’s business in Russia will depend, among other things, on Russia’s behavior and further sanctions, according to Handelsblatt report. Germany’s Commerzbank is preparing for more businesses to fail in Europe’s biggest economy amid high inflation and economic perils exacerbated by Russia’s war in Ukraine. The lender expects provisions for loan losses to rise as…