ECB will reportedly ask Deutsche Bank to raise fresh funds for merger

The official said that Deutsche would be required to have the buffer, which has yet to be calculated, to cope should it experience setbacks while integrating Commerzbank if a deal is agreed.

While Deutsche has argued the case that little or no capital may be needed, regulators, worried about the group's U.S. investment bank and the potential fallout of it failing a stress test there in September, are putting their foot down.With much left to be negotiated in any deal, the size of a capital hole remains unclear but is expected to run into billions of euros.

A deal would see Berlin become a shareholder in the combined group. Germany currently holds a 15 percent stake in Commerzbank after a bailout during the financial crisis.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

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

ECB will ask Deutsche Bank to raise fresh funds for merger: sourceThe European Central Bank will ask Deutsche Bank to raise fresh funds before it ... Douche Bank Anche perche' il Bundestag ha detto che i contribuenti non dovranno cacciare un centesimo... Call in the trump chips
Source: Reuters - 🏆 2. / 97 Read more »

Capital Question Clouds Deutsche Bank Merger TalksOne of the big questions surrounding Deutsche Bank’s possible merger with Commerzbank is how much capital it might need to raise from shareholders to finance the deal. Oh you mean the AFN, you know calculating a company's Additional Funds Needed to Finance (whatever goals the CEO puts on the Annual Report)? Oh I got you!! Send me the 10k... and 10k
Source: WSJ - 🏆 98. / 63 Read more »

Deutsche Bank and Commerzbank divided over pace of merger talks: sourcesDeutsche Bank and Commerzbank are divided over the pace of their merger talks, t... They need more time to cook the books I guess🤔
Source: Reuters - 🏆 2. / 97 Read more »