Commerzbank share falls after CEO warns of earnings decline

Commerzbank said it expects first quarter earnings to be below those of the fourth quarter of 2015, hurt by low interest rates and capital market volatility at the start of the year, sending its shares sharply lower. "In view of the clearly worsened environment, we are also reckoning with a cautious start to the year," Chief Executive Martin Blessing told the bank's annual meeting of shareholders on Wednesday. "This will have an effect on the full year: it will be clearly more challenging to rea