Commerzbank to invest in AI, cut up to 3,000 jobs

Commerzbank, Germany’s second‑largest lender, said Friday it will expand its investment in artificial intelligence and cut as many as 3,000 jobs as part of its ongoing restructuring. The bank said in a statement on its first‑quarter results that AI is expected to “free up and partially redeploy around 10 percent” of its workforce capacity, calling […]