INTERNATIONAL

Commerzbank Won’t Comment on Reported Takeover Bid: One of Germany’s leading international banks declined to comment on a report that it is close to a takeover of Wall Street fund manager Oppenheimer Capital Corp. The Sunday Telegraph in London reported that Frankfurt-based Commerzbank is seeking permission for the purchase from the Federal Reserve Board. The article did not describe the terms of the proposed purchase. The move would bolster Commerzbank’s global presence as it vies with its larger German rivals. Officials at Oppenheimer Capital, which is one-third owned by the New York investment bank Oppenheimer & Co., could not be reached for comment.