Deutsche Bank reportedly wants to raise up to $11 billion to buy Commerzbank. Its market cap is only $15 billion

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

The capital raising is designed to prevent the bank having to return to markets following the deal, if successful.

Deutsche's current market capitalization sits at around €17 billion, meaning the raise would be a huge undertaking for the German lender.

German finance minister Olaf Scholz indicated that the Bundestag was not pressuring for the tie-up and that a deal is up to the banks:with Frankfurter Allgemeine Zeitung on Wednesday. Concerns have been raised about the merger by employee unions and finance officials in Germany. Deutsche has raised €30 billion since 2010,to the Financial Times, who indicated that shareholders would not be happy if the full €10 billion was raised, citing people with knowledge of the talks.

Deutsche Bank officials are also said to be wary of the credit quality of Commerzbank's loan book as talks progress,

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Deutsche Bank CEO sees strong case for Commerzbank merger: sourceDeutsche Bank chief executive Christian Sewing believes there is a strong case f... Probably because they need to hide the fact Deutsche Bank is Broke!!!😂😂😂 Crooks. was the photographer falling when this was snapped?
Source: Reuters - 🏆 2. / 97 Read more »

How a Merger Between Deutsche Bank and Commerzbank Stacks UpDespite spending billions of dollars to steady their fortunes and try to remain independent, Deutsche Bank and Commerzbank are now weighing a merger. A reluctant marriage could be the best result they can hope for. A banking behemoth will be created that will dominate the European market. How can they expect this to clear the German dominated EU competition authorities? Any Consortium getting involved with the German Economy it really on a Looser .....!
Source: WSJ - 🏆 98. / 63 Read more »

Commerzbank and Deutsche Bank start discussing a mergerCommerzbank may have the better bargaining position in a proposed merger with Deutsche Bank
Source: TheEconomist - 🏆 6. / 92 Read more »

Deutsche Bank shares slide 4 percent on report of capital raising for merger with CommerzbankShares of Deutsche Bank and Commerzbank slipped after a report in the Financial Times stated that the former is in talks to raise as much as 10 billion euros ($11.2 billion) in fresh equity to support their potential merger.
Source: CNBC - 🏆 12. / 72 Read more »

German politicians split over bankrolling Deutsche Bank mergerA dispute is unfolding between the two political parties that govern Germany, as plans develop on a merger between Deutsche Bank and Commerzbank Lots of the European Banks are still in big trouble, all the European governments are in debt. Interest rates can’t go any lower. They still can’t finance the debts. When them music stops it’s going to go very very badly. Brexit Two money laundering behemoths
Source: Reuters - 🏆 2. / 97 Read more »

Stocks making the biggest moves premarket: Biogen, Viacom, Boeing, Deutsche Bank & moreSome of the names on the move ahead of the open. I'm guessing there's a problem with due diligence. ToxicAsset DeutscheBank Deutsche Bank and German rival commerzbank have hit a snag in their merger talks, according to wsjournal, with the fate of Deutsche Bank's U.S. operations among the contentious issues.
Source: CNBC - 🏆 12. / 72 Read more »