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German banking mega-merger is another disaster waiting to happen

  • 📰 The Telegraph
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Juliet Samuel: German banking mega-merger is another disaster waiting to happen | CitySamuel

Here’s my gut reaction: the mooted merger between Deutsche Bank and Commerzbank, despite being blessed by the German government over the weekend, won’t happen. And despite market enthusiasm for the deal that resulted in the share prices of both banks jumping today, that’s a good thing.

 

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Deutsche Bank and Commerzbank confirm merger talksUnions warn merger of two German lenders could put up to 30,000 jobs at risk “This so we can launder even more money more effectively” said a DeutscheBank spokesperson, I’m guessing
Sumber: The Guardian - 🏆 84. / 53 Baca lebih lajut »