Lex is a premium daily commentary service from the Financial Times. It helps readers make better investment decisions by highlighting key emerging risks and opportunities.
Commerzbank chairman Martin Blessing has good reason to feel peeved. Since rival Deutsche Bank announced an equity issue to help its capital position last month, its shares have risen 9 per cent. But Commerzbank’s shares have fallen 23 per cent since it announced its own €2.5-billion ($3.3-billion) equity issue in March.