Explainer: Why Germany wants a merger to underpin Deutsche Bank

FRANKFURT - The German government has pressured Deutsche Bank into merger talks with state-backed Commerzbank amid concerns for the health of the country’s flagship bank, according to officials familiar with the matter.

German officials fear that a recession or big fine, for example, could derail the bank’s fragile recovery. Commerzbank, like Deutsche, has struggled to rebound, and German officials say it is vulnerable to a foreign takeover. If an international rival snapped it up, that would increase competition for Deutsche on its home turf.

Deutsche’s chief executive officer Christian Sewing would prefer to have more time to stabilize the bank before taking on a merger, people familiar with the matter have said.In February, Deutsche’s management board gave Sewing the go-ahead for exploratory talks with Commerzbank, a person with knowledge of the matter said. There have been contacts among a small circle of executives. Talks could end without a deal, the person said.

The deal would make the German government a shareholder in the country’s largest bank and executives would want to curb its influence. The continued pressure from Berlin makes it harder for Deutsche to go it alone. Merging with a state-owned lender, in the officials’ view, offers a safe harbor.

johnodonnell21 China is a biggest supporter of terrorists,as he blocks again move to designate masood azhar the killing machine as global terrorist 4th time,time has come world must recognise this terror monger and designate china a terror state

johnodonnell21 Let me guess--it's so they survive after being held accountable for all of their chicanery with Russia, Trump, et. al.?

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Merger speculation boosts shares in Deutsche and CommerzbankShares in Deutsche Bank and Commerzbank traded higher on Monday as German busine... Buy rumors sell facts
ソース: Reuters - 🏆 2. / 97 続きを読む »

Deutsche Bank Executives Agree to Informal Merger Talks With CommerzbankDeutsche Bank’s top executives have agreed to hold discussions with rival Commerzbank about a potential merger, as Germany’s two biggest banks suffer prolonged performance and share-price declines. wow Yeah, let's start a merger before the EU and US government start criminal probes into your business dealings with Trump and Russia No
ソース: WSJ - 🏆 98. / 63 続きを読む »

Germany's Verdi union opposes Deutsche-Commerzbank mergerGermany's Verdi labor union on Tuesday voiced strong objections to a possib...
ソース: Reuters - 🏆 2. / 97 続きを読む »

Deutsche Bank management board reportedly agrees to Commerzbank merger talksThe 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. Russian money laundering db
ソース: CNBC - 🏆 12. / 72 続きを読む »

Deutsche Bank Executives Agree to Informal Merger Talks With CommerzbankDeutsche Bank’s top executives have agreed to hold discussions with rival Commerzbank about a potential merger, as Germany’s two biggest banks suffer prolonged performance and share-price declines. wow Yeah, let's start a merger before the EU and US government start criminal probes into your business dealings with Trump and Russia No
ソース: WSJ - 🏆 98. / 63 続きを読む »

Deutsche Bank, Commerzbank have no mandate for merger talks: sourcesDeutsche Bank and Commerzbank managers have no official mandate for merger talks...
ソース: Reuters - 🏆 2. / 97 続きを読む »

Deutsche Bank agrees to informal merger talks with CommerzbankDeutsche Bank AG’s top executives have agreed to hold discussions with rival Commerzbank AG about a potential merger, as Germany’s two biggest banks explore strategic options after suffering prolonged performance and share-price declines, people close to the banks said.
ソース: MarketWatch - 🏆 3. / 97 続きを読む »