FRANKFURT: Shares in Deutsche Bank and Commerzbank traded higher on Monday as German business warmed to the prospect of a tie-up between the country's two largest banks.
Tougher rules and low interest rates have made it more difficult to find banks willing to provide German companies with export credit. "The business model of banks has come under pressure, and we would be glad if in the long run, to have at least one global player as a partner for our international business."Deutsche Bank's chief executive has agreed to hold tentative talks with local rival Commerzbank, a person with knowledge of the matter told Reuters on Saturday.
"We're still against such a merger," a person close to a major Deutsche Bank shareholder said on Monday.
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:
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Deutsche, Commerzbank tentatively talk about merger after months of speculation: sourceThe management board of Deutsche Bank has decided to hold talks with rival Commerzbank to examine the feasibility of a merger, a person with ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Deutsche Bank, Commerzbank CEOs resume talks over potential merger: FocusDeutsche Bank and Commerzbank's chief executives have resumed talks over a potential merger of Germany's two biggest lenders, Focus magazine ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Deutsche Bank management board agrees to Commerzbank merger talks: sourceThe management board of Deutsche Bank has decided to hold talks with rival Commerzbank to examine the feasibility of a merger, a person with ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Deutsche Bank, Commerzbank have no mandate for merger talks: sourcesDeutsche Bank and Commerzbank managers have no official mandate for merger talks, two people with knowledge of the matter said on Friday.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Berlin backs Deutsche Bank merger despite risk of shortfall: sourcesBerlin is so worried about the health of Deutsche Bank that it pushed for a merger with rival Commerzbank even though it could open up a huge ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »