FRANKFURT: Shares 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 largest banks.
Tougher rules and low interest rates have made it more difficult to find banks willing to provide German companies with export credit. "The business model of banks has come under pressure, and we would be glad if in the long run, to have at least one global player as a partner for our international business."Deutsche Bank's chief executive has agreed to hold tentative talks with local rival Commerzbank, a person with knowledge of the matter told Reuters on Saturday.
"We're still against such a merger," a person close to a major Deutsche Bank shareholder said on Monday.
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