Deutsche Bank, Commerzbank CEOs resume talks over potential merger: Focus

FILE PHOTO: Banners of Deutsche Bank and Commerzbank are pictured in front of the German share price index, DAX board, at the stock exchange in Frankfurt, Germany, September 30, 2016. REUTERS/Kai Pfaffenbach

Deutsche Bank CEO Christian Sewing and his counterpart at Commerzbank, Martin Zielke, have been in intense talks for some days, the magazine said. Speculation of a merger has heightened under the tenure of Finance Minister Olaf Scholz, who has spoken in favor of strong banks. Both banks have been slow to return to sustainable profitability since the global financial crisis.

What is the liability, seems toxic. Let it go. It will be cheaper.

Vestager has likely a problem with that! Btw, for Danske Bank....EU banks will not touch that thing. Left to US banks and vulture funds. PayBackForNarrowMindedAttitude Once out of Commission, get a nice paying job in Washington DC for good services ?

Together they can afford the fines Deutsche has coming

D

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The American With the Toughest Job in Finance: Saving Deutsche BankMatt Zames of Cerberus Capital has a colossal mess to help clean up at the German giant, which has posted a string of disappointing results, has been designated a ‘troubled institution’ by the Federal Reserve and faces pressure to merge with a rival. To the bank, Cerberus is at once a shareholder, paid adviser and customer. Yeah, really don't care. They gave The Mad King funds to run this country into the ground! Hope they fall! Well... they could start by getting out of laundering money for the Russian Oligarchs. Not that tough. Fire the the entire top 4 layers of management.
Source: WSJ - 🏆 98. / 63 Read more »