Commerzbank 'Ahead of the Herd': CFO

Thursday, 19 Jan 2012 | 11:04 AM ET

Commerzbank announced measures to raise capital and reduce some of its activities to hit the 9 percent core capital ratio requested by the European Banking Authority and its shares closed nearly 15 percent up on the news. "We are a little bit lucky here because we are ahead of the herd," Eric Strutz, Commerzbank CFO, told CNBC.