The supervisory boards of both banks meet on Thursday when the merger is likely to be discussed.
The government, which holds a stake of more than 15 percent in Commerzbank following a bailout, wants a national banking champion to support its export-led economy, best known for cars and machine tools.“In our opinion a possible merger would not result in a business model that is sustainable in the long term,” Verdi’s Duscheck said.
A major Deutsche shareholder is not fundamentally opposed to a merger, said a person close to the unnamed shareholder, but wants to hear a compelling case for a deal.
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And the beat goes on🎼🎼
I blame Brexit!!
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