FRANKFURT - Shares in Deutsche Bank and Commerzbank traded higher on Monday as German business warmed to the prospect of a tie-up between the country’s two largest banks.
Berlin based BGA, the Federation of German wholesale, foreign trade and services, which represents large and mid-sized export businesses said a merger could make sense if it resulted in one German player surviving in the longer run. “The business model of banks has come under pressure, and we would be glad if in the long run, to have at least one global player as a partner for our international business.”
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