FRANKFURT - U.S. investor Cerberus, which is a major shareholder in both Deutsche Bank and Commerzbank, favors a merger between the two, a German newspaper reported on Tuesday.
Speculation of a merger between Germany’s largest listed banks has heightened under the tenure of Finance Minister Olaf Scholz, who has spoken in favor of strong banks. Cerberus is now backing a merger because it does not believe that Deutsche Bank can overhaul its operations on its own, Handelsblatt reported.
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This is already sealed. Watch it. Afterwards the new bank will be nationalized
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