“There is no obvious reason why these two banks should be merged,” a person close to another shareholder said.
In addition to regulatory and antitrust risks, an effort to merge would mean “several more years of significant internal restructuring,” while competitors move forward.Berlin, which holds a stake of more than 15 percent in Commerzbank following a bailout, wants a national banking champion to support its export-led economy, best known for cars and machine tools.
Most of the 30,000 positions at risk are based in Germany, with 10,00 at threat in the short term, Verdi’s Jan Duscheck said in comments published by the TV station.
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