FILE PHOTO: Christian Sewing, CEO of Deutsche Bank AG, addresses the media during the bank's annual news conference in Frankfurt, Germany, February 1, 2019. REUTERS/Kai Pfaffenbach/File Photo
Sewing’s stance ahead of Thursday’s meeting of the supervisory board of Germany’s largest bank sets the stage for a showdown with unions fearing massive job cuts. Deutsche’s CEO also believes that a combined entity would improve the cost of funding, with “the best funding ever”, the person said. Jobs would be cut with or without a merger, the person said.The position marks a shift in Sewing’s position. In past months, he has urged patience, preferring to focus on internal restructuring before taking on a big project, according to other people with knowledge of his thinking.
Just one target :,, to big to fail' 🤑 DeutscheBank Commerzbank Börse Wirtschaft Finanzen
Gee, I wonder why
How about a strong case for shutting it down?
Hahaha running for the hills
I want to see DeutscheBank merge with prison
This is something the UK should consider blocking if it is to remain in the EU; it is not clear that the merger resolves the fundamental issues, and may instead create an even bigger problem for Germany, the ECB, and the EU NYSE FTSE Eurozoen banks TARGET2 debt Brexit
How about we wait and see if they did anything illegal with Trump first. I'm sure Germany would agree.
DesperateMeasures
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.
Europe's central bank just flashed a warning for any potential Deutsche Bank-Commerzbank merger'I do not particularly like the idea of national champions, of European champions,' the eurozone's top financial supervisor told the Financial Times.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Merger of Deutsche Bank, Commerzbank could cost 20,000 jobs: union chiefA merger of Deutsche Bank and Commerzbank could put 20,000 jobs at risk, the hea... why is Deutsche Bank still allowed to operate despite being involved in so many crimes? saving the criminal deutsche bank? lol
Source: Reuters - 🏆 2. / 97 Read more »
Deutsche Bank, Commerzbank shares surge after merger talks confirmedMedia reports have suggested that the German government, which owns 15 percent of Commerzbank, is backing the deal – even though it could cause a multi-billion euro financial hole. Why?
Source: CNBC - 🏆 12. / 72 Read more »
Deutsche Bank merger talks with Commerzbank raise job fears, lift sharesDeutsche Bank and Commerzbank faced concerns from workers unions, Chancellor Ang...
Source: Reuters - 🏆 2. / 97 Read more »
German finance minister: No plans for Deutsche Bank/Commerzbank merger in my budgetGerman Finance Minister Olaf Scholz said on Wednesday that he had not made any p... He didn't like it, but he had to go along with it
Source: Reuters - 🏆 2. / 97 Read more »
Deutsche Bank set to announce merger talks with Commerzbank: sourceDeutsche Bank was set on Sunday to confirm merger talks with fellow German lende... Poor Commerzbank. I hope they know how to reign in Deutche's shenanigans. Germany is attempting to merge two of its largest banks to address their troubles. If the UK is to stay in the EU beyond the 29th, it should block this merger on the basis that it is not evident it solves the problems; instead creates a bigger problem. Brexit ECB NYSE
Source: Reuters - 🏆 2. / 97 Read more »
Deutsche Bank and Commerzbank Plan to Announce Formal Merger TalksDeutsche Bank and German rival Commerzbank plan to announce formal merger talks. The planned announcement signals that discussions between the two banks that already had started informally are entering a new phase. I am sorry I thought you said they were rivals.......... Perhaps a wider area to launder money, more personnel to blame, and more influence in regulations. Good move. Further consolidation, in the era of “too big to fail” zombie banking.
Source: WSJ - 🏆 98. / 63 Read more »