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reduce costs in all areas, and significantly increase its profitability by 2024. Going forward, the Bank will consistently put profitability before growth, in particular when it comes to the efficient use of capital or adequate pricing of products and services. As part of the Group's restructuring, there will be a significant headcount reduction. Commerzbank will reduce approximately 10,000 full-time equivalents in gross terms. In Germany, this will affect every third job. As part of a wide-ranging digitalisation, the Bank will substantially reduce its branch network from the current leve...

(1)    Core operating results are a non-GAAP measure used by management to measure performance in operating the business that management believes enhances investors' ability to better understand the underlying business performance and trends related to core business activities. A full reconciliation of non-GAAP financial measures can be found at the end of the financial statements which accompany this release. (2)    Reserve build/(release) represents the net change in the Company's allowance for credit losses (ACL) from the prior period. Fourth Quarter 2020 Highlights Financial results...

Press release content from Business Wire. The AP news staff was not involved in its creation. The First Bancorp Reports Results for 2020 January 20, 2021 GMT DAMARISCOTTA, Maine--(BUSINESS WIRE)--Jan 20, 2021-- The First Bancorp (Nasdaq: FNLC), parent company of First National Bank, today announced operating results for the year ended December 31, 2020. Unaudited net income was $27.1 million, up $1.6 million or 6.3% from the $25.5 million reported for the year ended December 31, 2019. Earnings per common share on a fully diluted basis were up $0.14 to $2.48 per share, an increase of 6.0% from...

Credit Suisse Outlines Agenda For 2021 ZURICH (dpa-AFX) - Credit Suisse Group AG (CS) is outlining its ambitious and achievable growth agenda for 2021 and beyond, including broad-based investment initiatives to accelerate growth in its Wealth Management-related businesses and its Investment Bank. The company said it also expects to further expand the connectivity between its Investment Bank and the Wealth Management-related divisions. The company commits to develop Science Based targets within the next 24 months, including commitment to align its operations and financing to net zero emissions...