Deutsche Bank and Commerzbank's chief executives have resumed talks over a potential merger of Germany's two biggest lenders, Focus magazine reported on Friday, citing people familiar with the matter.Deutsche Bank shares were indicated to start trading 0.1 percent higher, while Commerzbank was expected to trade 0.2 percent higher.
Both managers have been given a mandate to hold talks by their management and supervisory boards, Focus said.
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sounds like a take over, Deutsche always comes first in Germany.
Combining these two businesses makes no sense whatsoever if German retail banking remains a 'not for profit' endeavour.
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