'Massive job cuts' the only way a Deutsche Bank-Commerzbank merger would make sense, strategist says

  • 📰 CNBC
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 72%

Indonesia Berita Berita

Indonesia Berita Terbaru,Indonesia Berita utama

The only way a potential merger between Deutsche Bank and Commerzbank would make sense is by making massive job cuts across the two firms, a strategist told CNBC Wednesday.

div > div.group > p:first-child"> This follows media reports on Tuesday that Commerzbank had been approached by Dutch bank ING about a possible merger, prior to commencement of talks with Deutsche. Commerzbank shares climbed 3% on Wednesday morning as markets reacted to the news.The two German giants went public with merger talks last month, prompting labor union concerns about possible job losses and questions from analysts about the merits of a combination.

'I think the government would like to put them together to get rid of some risks, but I don't think they want the job losses that will come with it. So these banks have too many employees. If you look at American banks, if you look at the well-run European banks - much higher revenue per employee than the German banks are generating.'

Armstrong, said ING would be a 'great partner' for Commerzbank, but suggested job cuts were the only way Germany's second-largest bank would be attractive as a takeover candidate.

Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

 /  🏆 12. in İD
 

Terima kasih atas komentar Anda. Komentar Anda akan dipublikasikan setelah ditinjau.

The Trump Bank is trying to rebrand.

You really think that exchange that you use is secured and safe. Aha sure :) Don’t think twice, keep your Assets secured, Get the Best Ledger Nano X at discounted price, Directly from Ledger.

Amazing Tweet, We also use InstaCryptoNews for instant info

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Deutsche Bank CEO and chair to stay in top roles after possible merger: SpiegelDeutsche Bank's current Chief Executive Christian Sewing and Chairman Paul ... panjaros dvojnik?
Sumber: Reuters - 🏆 2. / 97 Baca lebih lajut »

House Panels Subpoena Deutsche Bank, Others in Trump Finance InquiryTwo House panels have issued subpoenas to Deutsche Bank and other financial institutions, as Democrats continued to pursue an inquiry into President Trump’s financial interests. Unimaginable abuse of powers to target a political opponent. The Dems are just devious and divisive. The tension & division in America today is 100% because Trump won the elections. The Dems thirst to recapture power is causing problems for America lol I hope they laugh and send them a picture of a middle finger
Sumber: WSJ - 🏆 98. / 63 Baca lebih lajut »