Banners of Deutsche Bank and Commerzbank are pictured in front of a trader at the stock exchange in Frankfurt, Germany, September 30, 2016. REUTERS/Kai Pfaffenbach
FRANKFURT - Deutsche Bank and Commerzbank managers have no official mandate for merger talks, two people with knowledge of the matter said on Friday. The reaction of the two people, speaking on condition of anonymity, came after Focus magazine reported that the chief executives of the two lenders had resumed talks over a potential merger and had a mandate from their supervisory and management boards to do so.Our Standards:
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Deutsche Bank, Commerzbank CEOs resume talks over potential merger: FocusDeutsche Bank and Commerzbank's chief executives have resumed talks over a ... Together they can afford the fines Deutsche has coming D 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 ?
Source: Reuters - 🏆 2. / 97 Read more »
Deutsche Bank and Commerzbank's CEOs are reportedly resuming talks over a potential mergerDeutsche Bank CEO Christian Sewing and Commerzbank CEO Martin Zielke have been in intense talks for some days, Focus magazine reports. Combining these two businesses makes no sense whatsoever if German retail banking remains a 'not for profit' endeavour. sounds like a take over, Deutsche always comes first in Germany.
Source: CNBC - 🏆 12. / 72 Read more »
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 »