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.
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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
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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.
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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?
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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
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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.
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