Commerzbank reflects on 'annus horribilis'

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GERMANY - Commerzbank faced its first ever annual loss as it posted its full year figures for 2002.

Germany’s third largest listed bank returned a pre-tax loss of -E373m in 2002, compared to E43m for 2001, blaming economic stagnation, stock market plunges, and charges from write-downs, provisioni...

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