Deutsche Bank management board agrees to Commerzbank merger talks: source

FRANKFURT: The management board of Deutsche Bank has agreed to hold talks with rival Commerzbank on the feasibility of a merger, a person with knowledge of the matter told Reuters on Sunday.

The source, who spoke on condition of anonymity, confirmed information reported earlier by the Welt am Sonntag newspaper.The person said that first unofficial contacts have taken place in a very small group and that talks were at a very early stage.Speculation about a possible merger between the two banks has been rife for months, heightening under the tenure of Finance Minister Olaf Scholz, who has spoken out in favor of strong banks.

Both lenders have struggled to return to sustainable profitability since the global financial crisis.

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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 ...
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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.
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