The corporate logo of Abu Dhabi Islamic Bank is seen in Dubai, United Arab Emirates, December 31, 2018. REUTERS/Hamad I Mohammed
Citing unnamed sources, Bloomberg reported on Wednesday that Abu Dhabi was considering merging the two lenders to create the Gulf region’s largest lender. First Abu Dhabi Bank, the largest lender in the United Arab Emirates, in a bourse filing said it “strongly denies the report issued by Bloomberg on the potential merger”.
There has been speculation in recent months of more possible banking tie-ups in light of the wave of consolidation sweeping Abu Dhabi.
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:
Just-like, their(I-SLAMic)-sects .
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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 »
Big Banks Reach for Small Deals as Merger Boom SlowsInvestment bankers across Wall Street are tripping over themselves, and sometimes each other, to win business advising smaller companies on deals—assignments they would have scoffed at a few years ago. Major economies are nearing recession territory, we can help you make decisions that will help you prosper over the long run contact us today!
Source: WSJ - 🏆 98. / 63 Read more »
Deutsche Bank shares slide 4 percent on report of capital raising for merger with CommerzbankShares of Deutsche Bank and Commerzbank slipped after a report in the Financial Times stated that the former is in talks to raise as much as 10 billion euros ($11.2 billion) in fresh equity to support their potential merger.
Source: CNBC - 🏆 12. / 72 Read more »
Commerzbank to decide on April 9 on merger talks with Deutsche: WiWoCommerzbank's executive board is due to decide on April 9 whether to intensify merger talks with Deutsche Bank or back away, Wirtschaftswoche said Wednesday.
Source: CNBC - 🏆 12. / 72 Read more »