Deutsche Bank AG and German rival Commerzbank AG plan to announce formal merger talks as soon as today, according to people familiar with the matter.
The planned announcement signals that discussions between the two banks that already had started informally are entering a new phase. The Wall Street Journal and other media reported last week that the two lenders’ chief executives were speaking about a potential deal.
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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.
I am sorry I thought you said they were rivals..........
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