Christopher Spink covers financial restructuring across Europe, as assistant editor for International Financing Review. He is currently focusing on the Eurozone crisis as well as regulatory developments as part of IFR’s People & Markets team. Previously he wrote about M&A for another Thomson Reuters title Acquisitions Monthly. During his 15 year career Chris has also covered AIM companies and venture capital backed businesses, as head of research and deputy editor at Growth Company Investor. He also wrote best-selling book, "How to invest when you don’t have any money", when he worked at investment website The Motley Fool.
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Commerzbank is to scale back trading activities, cut 9,600 jobs and merge its corporate and markets activities with its Mittelstandsbank in a bid to strengthen its operations and reduce earnings volatility.
Sebastian Grigg, vice-chairman of Credit Suisse’s investment bank in Europe, the Middle East and Africa, has left the Swiss bank in order to set up his own boutique advisory firm.
Austria’s finance minister said he is confident sufficient support will have been pledged for the offer to bondholders of Heta, the run-down vehicle of Carinthia’s failed state bank Hypo Alpe Adria, by the time it closes on October 7.