FRANKFURT - Berlin is so worried about the health of Deutsche Bank that it pushed for a merger with rival Commerzbank even though it could open up a huge financial shortfall, a German official told Reuters.
They would be revalued at a market price which is typically lower than the one registered on the accounts. A second source, who is familiar with the talks, said they also expected a shortfall after the potential merger. Spokespeople for both banks, the German finance ministry and the economy ministry declined to comment for this story.
Berlin has been examining options for Deutsche for many months. Senior German officials even participated in informal, exploratory discussions in recent months with Switzerland’s UBS about a merger with Deutsche, two more sources said. German officials have identified Deutsche Bank as a national “champion” and the fund is expected to provide state backing or guarantees that would help companies raise cash from pension funds or insurers.
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but Vestager will block it so that DeutscheBank merges with a US bank!
“Berlin unterstützt Deutsche Bank-Fusion trotz Ausfallrisiko: Quellen” GoogleTranslate 🇩🇪
“ Berlin backs Deutsche Bank merger despite risk of shortfall: sources “ GoogleTranslate
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