Deutsche Bank is preparing for a wave of mergers, its finance chief said on Tuesday, in a potential change for Germany's biggest lender, which has been focused firmly on a turnaround.
"Already since late , and since COVID, things are crystal clear," UBS Chief Executive Sergio Ermotti told an annual Bank of America Merrill Lynch conference. There has been growing speculation about a potential deal in Switzerland, heightened last week when the board of UBS, which last year held brief tie-up talks with Deutsche Bank, gathered to discuss strategy.
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