Commerzbank forecasts 2020 loss from Wirecard, coronavirus writedowns

FRANKFURT Commerzbank expects a writedown on loans to collapsed payments firm Wirecard and fallout from the coronavirus crisis to result in a loss for the year, compounding the challenges already facing Germany’s second-largest bank. The partly state-owned bank, which has been targeted by activist U.S. private equity fund Cerberus, is trying to regain its footing after the exit last month of its...