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Commerzbank reports massive Q4 loss

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BERLIN (AP) — Germany's Commerzbank says it expects bigger than expected losses for the final quarter of 2012 as large one-off charges wiped out earnings. Commerzbank said Monday it would take a net loss of €720 million ($982 million) in the fourth quarter, including a one-time charge of €185 million from the sale of Ukrainian subsidiary Bank Forum and €560 million in tax claims. In a release...

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