FRANKFURT - U.S. investor Cerberus, a major shareholder in both Deutsche Bank and Commerzbank, is open to a merger between Germany’s two biggest lenders, a person familiar with the matter said on Wednesday, raising the chances of a tie-up.
Speculation of a merger has heightened under the tenure of Finance Minister Olaf Scholz, who has spoken in favor of strong banks. Both banks have been slow to return to sustainable profitability since the global financial crisis. Cerberus holds 3 percent of Deutsche Bank shares and 5 percent of Commerzbank shares, and was previously opposed to a merger, German newspaper Handelsblatt reported on Tuesday.
Based on Tuesday’s closing prices, a combination of Deutsche Bank and Commerzbank would have an equity market value of almost 25 billion euros.
Hmmmmmmmmmmm....
DB should be investigated for their role in Trump family crime.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Investor Cerberus favors Deutsche Bank, Commerzbank merger: HandelsblattU.S. investor Cerberus, which is a major shareholder in both Deutsche Bank and C... This is already sealed. Watch it. Afterwards the new bank will be nationalized
Source: Reuters - 🏆 2. / 97 Read more »
London markets climb supported by banking and mining; Sainsbury’s merger with Asda at riskLondon markets were up on Wednesday, after gains from the banking and mining sector helped to boost the FTSE 100
Source: MarketWatch - 🏆 3. / 97 Read more »
Deutsche Bank's malaise goes deeper than its tumbling share priceDeutsche Bank's descent into becoming the sick man of the European banking market has been a bumpy ride. Hey , could you confirm if they are a wholly owned subsidiary of Trump, Inc.?
Source: BusinessInsider - 🏆 729. / 51 Read more »
Deutsche Bank Lost $1.6 Billion on a Bond BetOne of the banking industry’s biggest soured bets since the financial crisis involved a complex municipal-bond investment. Warren Buffett was enmeshed in the deal. Looks like Deutsche Bank may be a dead man walking from its stock history. soon the bank will have to write off $800 million in loans to Trump as he might not be able to repay from inside a maximum security prison!
Source: WSJ - 🏆 98. / 63 Read more »
Worried over possible default, Deutsche Bank considered extending Trump’s loan termsTop officials at the German bank, owed $340 million by the Trump Organization, discussed pushing repayment dates until after the end of a potential second term, sources told Bloomberg. The talks were prompted by fear of a public relations disaster, not concerns over the company's creditworthiness. OMG Hey how about u do a article on the clinton crime family n how they sold 1/3 of our uranium to Russia n got millions to the clinton foundation? geeeee that would spoil your fake news narrative loser LA X well noted los angeles
Source: latimes - 🏆 11. / 82 Read more »