Commerzbank AG forecast a profit of more than 1 billion euros ($1.1 billion) this year and said it plans to start returning some of that to investors again through dividends, as Chief Executive Officer Manfred Knof’s turnaround gathers momentum.
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The ex-chairman of Greensill Capital’s supervisory board is also a shareholder and advisory board member of Scope Ratings, a Berlin-based company that rated the creditworthiness of the fallen firm’s shuttered German bank.