Deutsche Bank and Commerzbank merger talks are expected to fail: source

FRANKFURT - Merger talks between Deutsche Bank and Commerzbank are expected to end in failure, although no final decision has been taken, a person with knowledge of the matter said on Thursday.

German government officials, led by Finance Minister Olaf Scholz, have pushed for a tie-up to create a national banking champion and end questions over the future of both banks, which have struggled to recover since the financial crisis. The inability to craft a deal will increase pressure on Deutsche Bank to make more radical changes, such as cuts to its U.S. investment bank that regulators and some major investors have been advocating. Deutsche is already looking at a deal for its asset management unit.

The European Central Bank would ask Deutsche Bank to raise fresh funds before it gave the go-ahead for a merger, a person with direct knowledge of the matter has said. Both banks announced the start of formal talks on March 17 and have since been crunching the numbers for a tie-up.

GoodNews

Asda Sainsbury's

OBVS.

hahahahahahahahahahahahahahahahahaha FVCK'EM hahahahaha

Only to fail because the media says so!

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.

UBS, Deutsche Bank in asset management merger talks: FTThe asset management arms of Deutsche Bank AG and Swiss bank UBS Group AG are in... So with a potential bidding war for DWS - what will Deutsche Bank do with the cash ? Buy back 40% of their own shares ?
Source: Reuters - 🏆 2. / 97 Read more »

Deutsche Bank, Commerzbank Merger Talks Hit Stumbling BlocksMerger talks between Deutsche Bank and Commerzbank have gotten bogged down over questions ranging from a lack of investor support to opposition from powerful labor unions. Have your heard that many people lost their crypto assets by keeping it online, as their wallets and exchanges was hacked one day. Get a new Ledger Nano X now, .It is the most advanced and secured wallet on the planet.
Source: WSJ - 🏆 98. / 63 Read more »

A Champion Investment Bank Is the Wrong Solution for EuropeHeard on the Street: Even if Deutsche Bank and Commerzbank merge, they will still struggle with Europe’s flawed capital markets
Source: WSJ - 🏆 98. / 63 Read more »