Commerzbank eyes Iran sanctions hit -paper

FRANKFURT Wed Aug 22, 2012 2:45pm IST

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FRANKFURT Aug 22 (Reuters) - Commerzbank expects it may face "considerably negative" consequences from a U.S. investigation into Iran sanctions violations, including a financial hit that exceeds provisions, Die Zeit newspaper reported on Wednesday, citing a Commerzbank securities filing.

Commerzbank said it had not done business with Iran since 2007 and declined further comment.