FILE PHOTO: Banners of Deutsche Bank and Commerzbank are pictured in front of the German share price index, DAX board, at the stock exchange in Frankfurt, Germany, September 30, 2016. REUTERS/Kai Pfaffenbach/File Photo
FRANKFURT - A merger of Deutsche Bank and Commerzbank could put 20,000 jobs at risk, the head of labor union Verdi said in a media interview on Monday, a day after the two banks confirmed they were discussing the possibility. “Some 20,000 or more positions could come under fire,” Frank Bsirske, chief of Verdi and a supervisory board member at Deutsche Bank, told German newspapers Stuttgarter Zeitung and Stuttgarter Nachrichten.He said the two lenders were not a good fit for each other, while a crossover in an international direction would make more sense for them.
Merging the German banks’ operations would create overlap in retail and business customer segments, leading to problematic conditions from the workers’ point of view, he added.Reporting by Vera Eckert, Editing by Clarence Fernandez
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:
saving the criminal deutsche bank? lol
why is Deutsche Bank still allowed to operate despite being involved in so many crimes?
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Deutsche Bank and Commerzbank shares rally on merger talkShares of Deutsche Bank and Commerzbank surged Monday after reports that the two have agreed to hold merger talks. na bravo! was kann schiefgehen... two ailing companies rallying because of a merger talk? even if they did, it would just create a larger company that would collapse anyways
Source: CNBC - 🏆 12. / 72 Read more »
Deutsche Bank set to announce merger talks with Commerzbank: sourceDeutsche Bank was set on Sunday to confirm merger talks with fellow German lende... Poor Commerzbank. I hope they know how to reign in Deutche's shenanigans. Germany is attempting to merge two of its largest banks to address their troubles. If the UK is to stay in the EU beyond the 29th, it should block this merger on the basis that it is not evident it solves the problems; instead creates a bigger problem. Brexit ECB NYSE
Source: Reuters - 🏆 2. / 97 Read more »
Deutsche Bank and Commerzbank Plan to Announce Formal Merger TalksDeutsche Bank and German rival Commerzbank plan to announce formal merger talks. The planned announcement signals that discussions between the two banks that already had started informally are entering a new phase. I am sorry I thought you said they were rivals.......... Perhaps a wider area to launder money, more personnel to blame, and more influence in regulations. Good move. Further consolidation, in the era of “too big to fail” zombie banking.
Source: WSJ - 🏆 98. / 63 Read more »
Deutsche Bank and Commerzbank Enter Formal Merger TalksDeutsche Bank and German rival Commerzbank announce formal merger talks. The planned announcement signals that discussions between the two banks that already had started informally are entering a new phase. .I. abilerim ablalarım💙😎 Better to launder money together. Brexit
Source: WSJ - 🏆 98. / 63 Read more »
Deutsche Bank and Commerzbank go public on merger talksDeutsche Bank and Commerzbank on Sunday confirmed they were in talks to possibly... T. b€℃e ℃° ,~ R y.:) Two turds when combined form a bigger turd ~ Mario Draghi They will join to launder money together? Trump family alert!
Source: Reuters - 🏆 2. / 97 Read more »
Deutsche Bank and Commerzbank go public on merger talksDeutsche Bank and Commerzbank on Sunday confirmed they were in talks to possibly merge, an indication that efforts to combine Germany's two largest lenders are gaining pace. :D mavi 💙 oeww yeee .I..abilerimmm ablaları mm❤️❤️❤️❤️❤️👅👁️🔺
Source: CNBC - 🏆 12. / 72 Read more »
Deutsche Bank starts merger talks with CommerzbankGermany's two biggest banks are discussing a merger that could result in a national powerhouse capable of competing with Wall Street. Ilhan Omar and Rashida Tlaib two of the House's Muslim Supremacists Heilvest
Source: CNN - 🏆 4. / 95 Read more »
Explainer: Why Germany wants a merger to underpin Deutsche BankDeutsche Bank and Commerzbank confirmed on Sunday they were in talks about a mer... to save it from collapse Socialize the losses of private banks via state-directed tax bailouts. Questions: 1. What exactly is that blue sign supposed to mean? 2. Why is it in the cover photo of an article about a bank merger? 3. Couldn't the camera person have moved one step to the left?
Source: Reuters - 🏆 2. / 97 Read more »
Merger speculation boosts shares in Deutsche and CommerzbankShares in Deutsche Bank and Commerzbank traded higher on Monday as German busine... Buy rumors sell facts
Source: Reuters - 🏆 2. / 97 Read more »