Commerzbank's Martin Blessing won't extend contract

BERLIN— The chairman of the board of managing directors of Commerzbank, Martin Blessing, has said he will not extend his contract when it ends in October 2016. In a statement by the Frankfurt- based bank Sunday, Blessing said he had decided that after 15 years with the bank "it is now time for me to embark on a new chapter in my professional life." In past years, Commerzbank...