FRANKFURT - U.S. investor Cerberus, which is a major shareholder in both Deutsche Bank and Commerzbank, favors a merger between the two, a German newspaper reported on Tuesday.
Speculation of a merger between Germany’s largest listed banks has heightened under the tenure of Finance Minister Olaf Scholz, who has spoken in favor of strong banks. Cerberus is now backing a merger because it does not believe that Deutsche Bank can overhaul its operations on its own, Handelsblatt reported.
This is already sealed. Watch it. Afterwards the new bank will be nationalized
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