FRANKFURT: Deutsche Bank and Commerzbank abandoned their merger talks on Thursday, with the risks of doing a deal, restructuring costs and capital demands dashing efforts to forge a German mega-bank.
While the talks are over, investors doubt either bank can go it alone for long given their low levels of profitability. Commerzbank's chief executive Martin Zielke, has told employees that doing nothing was"not an option". Some major Deutsche Bank investors had questioned the deal's logic and were unwilling to step up with any extra cash to get it done, while credit ratings agencies had warned of risks.
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