ECB will ask Deutsche Bank to raise fresh funds for merger: source

FRANKFURT - The European Central Bank will ask Deutsche Bank to raise fresh funds before it gives the go-ahead for a merger with a state-backed rival, a person with direct knowledge of the matter said.

The demand could complicate a bid to create Europe’s third-largest bank from Germany’s top two lenders, Deutsche and Commerzbank, who have struggled to recover since the financial crisis. A merged entity could need up to 10 billion euros of fresh capital because of restructuring costs and the fact that losses on investments could be triggered by a tie-up.

The banks announced on March 17 that they were in talks to merge and a preliminary decision on whether they want to go forward with a merger is expected within days.

Call in the trump chips

Anche perche' il Bundestag ha detto che i contribuenti non dovranno cacciare un centesimo...

Douche Bank

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Capital Question Clouds Deutsche Bank Merger TalksOne of the big questions surrounding Deutsche Bank’s possible merger with Commerzbank is how much capital it might need to raise from shareholders to finance the deal. Oh you mean the AFN, you know calculating a company's Additional Funds Needed to Finance (whatever goals the CEO puts on the Annual Report)? Oh I got you!! Send me the 10k... and 10k
La source: WSJ - 🏆 98. / 63 Lire la suite »

Deutsche Bank and Commerzbank divided over pace of merger talks: sourcesDeutsche Bank and Commerzbank are divided over the pace of their merger talks, t... They need more time to cook the books I guess🤔
La source: Reuters - 🏆 2. / 97 Lire la suite »