Shares of Deutsche Bank and Commerzbank surged on Monday after the German lenders confirmed they were in talks about a potential merger.
div > div.group > p:first-child"> Commerzbank rose to the top of the pan-European STOXX 600, with shares gaining almost 7 percent, while Deutsche Bank shares were up nearly 4 percent. Talks are taking place following months of speculation, after Deutsche Bank CEO Christian Sewing reportedly withdrew his opposition to a deal. Media reports have suggested that the German government, which owns 15 percent of Commerzbank, is backing the deal – even though it could cause a multi-billion euro financial hole – because it would force the re-valuation of the lenders' assets.
Those financial pitfalls could also be passed on to Germany's workforce. German Chancellor Angela Merkel's chief of staff said Monday that the government was looking into potential job losses if a merger went ahead. According to German union Verdi, 30,000 jobs could be at risk, Reuters reported. Despite confirming the talks were going ahead, a deal between the two banks is not guaranteed. In a statement on Monday, Jorg Eigendorf, group spokesman for Deutsche Bank, told CNBC Monday:"It is important to us that… Deutsche Bank only engages in a transaction if it makes economic sense. Therefore, it needs a plan, it needs a detailed plan on the integration – we are now evaluating this with Commerzbank.
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Deutsche Bank and Commerzbank shares rally on merger talkShares of Deutsche Bank and Commerzbank surged Monday after reports that the two have agreed to hold merger talks. na bravo! was kann schiefgehen... two ailing companies rallying because of a merger talk? even if they did, it would just create a larger company that would collapse anyways
Källa: CNBC - 🏆 12. / 72 Läs mer »
Deutsche Bank set to announce merger talks with Commerzbank: sourceDeutsche Bank was set on Sunday to confirm merger talks with fellow German lende... Poor Commerzbank. I hope they know how to reign in Deutche's shenanigans. Germany is attempting to merge two of its largest banks to address their troubles. If the UK is to stay in the EU beyond the 29th, it should block this merger on the basis that it is not evident it solves the problems; instead creates a bigger problem. Brexit ECB NYSE
Källa: Reuters - 🏆 2. / 97 Läs mer »
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Källa: WSJ - 🏆 98. / 63 Läs mer »
Deutsche Bank and Commerzbank Enter Formal Merger TalksDeutsche Bank and German rival Commerzbank announce formal merger talks. The planned announcement signals that discussions between the two banks that already had started informally are entering a new phase. .I. abilerim ablalarım💙😎 Better to launder money together. Brexit
Källa: WSJ - 🏆 98. / 63 Läs mer »
Deutsche Bank and Commerzbank go public on merger talksDeutsche Bank and Commerzbank on Sunday confirmed they were in talks to possibly... T. b€℃e ℃° ,~ R y.:) Two turds when combined form a bigger turd ~ Mario Draghi They will join to launder money together? Trump family alert!
Källa: Reuters - 🏆 2. / 97 Läs mer »
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Källa: CNBC - 🏆 12. / 72 Läs mer »
Deutsche Bank starts merger talks with CommerzbankGermany's two biggest banks are discussing a merger that could result in a national powerhouse capable of competing with Wall Street. Ilhan Omar and Rashida Tlaib two of the House's Muslim Supremacists Heilvest
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Källa: Reuters - 🏆 2. / 97 Läs mer »
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