FRANKFURT - Deutsche Bank and Commerzbank abandoned their merger talks on Thursday, with the risks of doing a deal, restructuring costs and capital demands dashing efforts to forge a German mega-bank.
The announcement followed a final in-person meeting early on Thursday between Deutsche Bank Chief Executive Christian Sewing and his Commerzbank counterpart Martin Zielke, two people said. German government officials, led by Finance Minister Olaf Scholz, had pushed for a tie-up to create a national banking champion and end questions over the future of both banks, which have struggled to recover since the financial crisis.
“It is clear that others will now come out of the woodwork with offers and ideas,” the manager told Reuters. UniCredit and ING declined to comment after news that talks between Deutsche Bank and Commerzbank had failed.
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:
Which airline is that?
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Deutsche Bank and Commerzbank merger talks collapseMerger talks between Germany's top two lenders, Deutsche Bank and Commerzbank, have ended in failure.
Source: CNBC - 🏆 12. / 72 Read more »
Deutsche Bank and Commerzbank merger talks are expected to fail: sourceMerger talks between Deutsche Bank and Commerzbank are expected to end in failur... Only to fail because the media says so! hahahahahahahahahahahahahahahahahaha FVCK'EM hahahahaha OBVS.
Source: Reuters - 🏆 2. / 97 Read more »
Deutsche Bank, Commerzbank Merger Talks Hit Stumbling BlocksMerger talks between Deutsche Bank and Commerzbank have gotten bogged down over questions ranging from a lack of investor support to opposition from powerful labor unions. Have your heard that many people lost their crypto assets by keeping it online, as their wallets and exchanges was hacked one day. Get a new Ledger Nano X now, .It is the most advanced and secured wallet on the planet.
Source: WSJ - 🏆 98. / 63 Read more »
UBS, Deutsche Bank in asset management merger talks: FTThe asset management arms of Deutsche Bank AG and Swiss bank UBS Group AG are in... So with a potential bidding war for DWS - what will Deutsche Bank do with the cash ? Buy back 40% of their own shares ?
Source: Reuters - 🏆 2. / 97 Read more »