FRANKFURT: Christian Sewing, the chief executive of Deutsche Bank, believes there is a strong case for a merger with rival Commerzbank, according to a person with direct knowledge of his thinking.
Deutsche Bank would not have entered talks if the bank expected negotiations to fail, said a second person with knowledge of Sewing's thinking. The ratings agency Moody's said this week that a successful tie-up may lift the banks' profit but earnings would still remain below global competitors and a deal now would delay their current overhauls.Some German officials have pushed for a merger because they want a strong bank at home to compete with U.S. and Chinese competitors.
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.
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 head of labor union Verdi said in a media interview on Monday, a day ...
Source: ChannelNewsAsia - 🏆 6. / 66 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 head of labor union Verdi said in a media interview on Monday, a day ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Deutsche Bank CEO sees strong case for merger with Commerzbank: sourceChristian Sewing, the chief executive of Deutsche Bank, believes there is a strong case for a merger with rival Commerzbank, according to a person ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Deutsche Bank set to announce merger talks with Commerzbank: sourceDeutsche Bank on Sunday was set to announce merger talks with Commerzbank , according to a person with knowledge of the matter.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Why Germany wants a merger to underpin Deutsche BankDeutsche Bank on Sunday was set to announce merger talks with Commerzbank , according to a person with knowledge of the matter.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Deutsche Bank merger talks heighten uncertainty for US staffDeutsche Bank AG's merger talks with Commerzbank AG has put its 10,000 U.S. workers on edge, three employees told Reuters, with some concerned a ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Deutsche, Commerzbank merger would put 30,000 jobs at risk: UnionA merger of Deutsche Bank and Commerzbank could put 20,000 jobs at risk, the head of labor union Verdi said in a media interview on Monday, a day ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Europe: Deutsche merger move take stocks rally to fourth day[BENGALURU] European stocks rose for the fourth session in a row on Monday as a flurry of dealmaking, including merger talks between Deutsche Bank and Commerzbank , spurred gains in the financial services sector. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »