FRANKFURT: Germany's Verdi labor union on Tuesday voiced strong objections to a possible merger between Deutsche Bank and Commerzbank, arguing that a combined entity would be a more attractive target for a hostile foreign takeover.
The union, in a statement e-mailed to Reuters, also said that Deutsche's biggest problem, its investment bank, wouldn't be helped by a tie-up with Commerzbank. A merger would put at least 10,000 jobs at risk, it added.The reaction from the union follows news over the weekend that Deutsche Bank's chief executive Christian Sewing had agreed to hold tentative talks with rival Commerzbank.
Berlin, which has been worried about Deutsche's health, has pushed for a merger as Deutsche has struggled to generate sustainable profits since the 2008 financial crisis.It wouldn't create a truly big bank in the European market, and the new entity would be"considerably more attractive for a hostile takeover, for example, by France," he said.Both banks declined to comment.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:
España Últimas Noticias, España Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Germany's Verdi union opposed to Deutsche-Commerzbank mergerGermany's Verdi labor union on Tuesday voiced strong objections to a possible merger between Deutsche Bank and Commerzbank, arguing that a ...
Fuente: ChannelNewsAsia - 🏆 6. / 66 Leer más »
Merger speculation boosts shares in Deutsche and CommerzbankShares in Deutsche Bank and Commerzbank traded higher on Monday as German business warmed to the prospect of a tie-up between the country's two ...
Fuente: ChannelNewsAsia - 🏆 6. / 66 Leer más »
Two top shareholders skeptical of Deutsche-Commerzbank merger: sourcesShares in Deutsche Bank and Commerzbank traded higher on Monday as German business warmed to the prospect of a tie-up between the country's two ...
Fuente: ChannelNewsAsia - 🏆 6. / 66 Leer más »
Germany's Verdi union opposed to Deutsche-Commerzbank mergerGermany's Verdi labor union on Tuesday voiced strong objections to a possible merger between Deutsche Bank and Commerzbank, arguing that a ...
Fuente: ChannelNewsAsia - 🏆 6. / 66 Leer más »
Two top shareholders skeptical of Deutsche-Commerzbank merger: sourcesShares in Deutsche Bank and Commerzbank traded higher on Monday as German business warmed to the prospect of a tie-up between the country's two ...
Fuente: ChannelNewsAsia - 🏆 6. / 66 Leer más »
Deutsche Bank, Commerzbank CEOs resume talks over potential merger: FocusDeutsche Bank and Commerzbank's chief executives have resumed talks over a potential merger of Germany's two biggest lenders, Focus magazine ...
Fuente: ChannelNewsAsia - 🏆 6. / 66 Leer más »
Deutsche Bank, Commerzbank have no mandate for merger talks: sourcesDeutsche Bank and Commerzbank managers have no official mandate for merger talks, two people with knowledge of the matter said on Friday.
Fuente: ChannelNewsAsia - 🏆 6. / 66 Leer más »
Deutsche Bank management board agrees to Commerzbank merger talks: sourceThe management board of Deutsche Bank has decided to hold talks with rival Commerzbank to examine the feasibility of a merger, a person with ...
Fuente: ChannelNewsAsia - 🏆 6. / 66 Leer más »