'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%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

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.

 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

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

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 12. in KR

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

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?
출처: Reuters - 🏆 2. / 97 더 많은 것을 읽으십시오 »

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
출처: WSJ - 🏆 98. / 63 더 많은 것을 읽으십시오 »