FRANKFURT - Deutsche Bank’s Chief Executive had a series of meetings with Germany’s deputy finance minister before and immediately after it announced merger talks with a state-backed rival, according to information revealed by the government.
In a letter answering a question from a German lawmaker, seen by Reuters, the government said Deutsche CEO Christian Sewing had met three times this year with Germany’s deputy finance minister, Joerg Kukies. “In reality, Scholz and Kukies hold the key,” he said, adding a merger would be a risk for taxpayers and cost thousands of jobs. “A banking champion is a dangerous idea. Putting two turkeys together won’t produce an eagle.”
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