FILE PHOTO: The logo of Swiss bank UBS is seen in Zurich, Switzerland October 25, 2018. REUTERS/Arnd Wiegmann
- The asset management arms of Deutsche Bank AG and Swiss bank UBS Group AG are in “serious” merger talks, the Financial Times reported on Tuesday, citing people familiar with the discussions. The talks have been going on for two months, the newspaper reported, adding that if the deal were to materialize, the combined business would have just over 1.4 trillion euros of assets under management.
A structure under consideration is for UBS to hive off its asset management business and fold it into DWS, which is mostly owned by Deutsche Bank, the newspaper said. Earlier this month, Bloomberg reported that UBS was evaluating options for its asset management business, including a partial sale or merger of the business.Reporting by Kanishka Singh in Bengaluru; Tom Sims in Frankfurt and Brenna Hughes Neghaiwi in Zurich. Editing by Jane Merriman
So with a potential bidding war for DWS - what will Deutsche Bank do with the cash ? Buy back 40% of their own shares ?
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:
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.
The world’s largest wealth manager just made a significant change to its $2 trillion portfolio — and it’s a wake-up call to anyone invested in US stocksUBS remains bullish on US stocks, but has a cautionary message for investors concerning the coming months.
Source: BusinessInsider - 🏆 729. / 51 Read more »
'Massive job cuts' the only way a Deutsche Bank-Commerzbank merger would make sense, strategist saysThe 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. Amazing Tweet, We also use InstaCryptoNews for instant info 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. The Trump Bank is trying to rebrand.
Source: CNBC - 🏆 12. / 72 Read more »
83 percent of Commerzbank staff oppose Deutsche Bank merger: surveySome 83 percent of Commerzbank employees oppose a merger with Deutsche Bank, according to an internal survey seen by Reuters
Source: Reuters - 🏆 2. / 97 Read more »
Barclays to cut investment bankers' bonuses: FTBarclays Plc is planning to cut bonuses for investment bankers as it steps up it...
Source: Reuters - 🏆 2. / 97 Read more »
Japan Authorities Indict Carlos Ghosn For Fourth Time, Nissan Poised To Reject Full Renault MergerNissan management has acted as if it is not being treated as an equal partner and that a complete merger would solidify what it perceives as Renault’s dominant position. That dispute is at the heart of the legal fight between Nissan and its former CEO and chairman. This guy must av really pissed off some really powerful Japanese govt people with the way they are going after him. Or they just think no one man should av all that power
Source: Forbes - 🏆 394. / 53 Read more »
Anadarko Boosted CEO’s Payout Just Before $33 Billion Chevron MergerAnadarko Petroleum, a day before announcing its sale for $33 billion, sweetened the payout its top executives can reap in the event of a deal by millions of dollars, according to a compensation firm’s analysis. Seems legal... 😬🤔 Trumponomics at work. Nice work if you can find it. Joke.
Source: WSJ - 🏆 98. / 63 Read more »
Sprint, T-Mobile shares fall on report Justice Department won't approve merger as structuredShares of Sprint and T-Mobile US fell in after-hours trade after The Wall Street Journal reported that Justice Department staffers have told the companies...
Source: MarketWatch - 🏆 3. / 97 Read more »