German bank merger crumbles as Deutsche Bank tie-up talks with Commerzbank end

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 66%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Merger talks between Germany's top two lenders, Deutsche Bank and Commerzbank, are expected to end in failure, a person with knowledge of the ...

FRANKFURT: Deutsche Bank and Commerzbank abandoned their merger talks on Thursday, with the risks of doing a deal, restructuring costs and capital demands dashing efforts to forge a German mega-bank.

While the talks are over, investors doubt either bank can go it alone for long given their low levels of profitability. Commerzbank's chief executive Martin Zielke, has told employees that doing nothing was"not an option". Some major Deutsche Bank investors had questioned the deal's logic and were unwilling to step up with any extra cash to get it done, while credit ratings agencies had warned of risks.

 

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

 /  🏆 6. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

German market regulator lifts short sale ban on Wirecard[FRANKFURT] Germany's markets regulator Bafin on Friday said its two-month ban on short-selling shares of payments company Wirecard had expired. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Asian shares dip; euro weighed by sagging German business morale[TOKYO] Asian shares slipped on Thursday as a surprise deterioration in German business morale rekindled fears of slowing global growth, while oil prices pulled back slightly after a sharp run-up earlier in the week. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Asian shares dip; euro weighed by sagging German business moraleAsian shares slipped on Thursday as a surprise deterioration in German business morale rekindled fears of slowing global growth, while oil prices ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »