Deutsch Bank
- Thread starter Spectre2007
- Start date
Deutsche Bank and Commerzbank
The mooted merger between Germany's biggest banks does not currently make economic sense, according to a key advisor to the German government, which has been quite keen on the deal due to Deutsche Bank's underperformance. "Deutsche Bank has just made its first profit in several years and even exceeded its cost targets," Jorg Rocholl told Reuters. "One should give the bank and its management time to continue along this path." Reuters
The mooted merger between Germany's biggest banks does not currently make economic sense, according to a key advisor to the German government, which has been quite keen on the deal due to Deutsche Bank's underperformance. "Deutsche Bank has just made its first profit in several years and even exceeded its cost targets," Jorg Rocholl told Reuters. "One should give the bank and its management time to continue along this path." Reuters
German Banks
The potential merger of Deutsche Bank and Commerzbank could be bungled by the former, leaving Deutsche Bank with even bigger problems than it currently has. That's according to the bank's own regulatory supervisors, who told the Financial Times: "You have to employ ruthless brutality to be really successful…Should the deal fail, we would have regulatory issues that we are keen to avoid." Financial Times
The potential merger of Deutsche Bank and Commerzbank could be bungled by the former, leaving Deutsche Bank with even bigger problems than it currently has. That's according to the bank's own regulatory supervisors, who told the Financial Times: "You have to employ ruthless brutality to be really successful…Should the deal fail, we would have regulatory issues that we are keen to avoid." Financial Times
German Banks
Merger talks between Deutsche Bank and Commerzbank have collapsed—an embarrassment for Finance Minister Olaf Scholz, who has been trying to push them together. The failure of the talks makes Commerzbank vulnerable to a takeover from abroad, maybe by Italy's Unicredit, maybe by the Dutch ING Groep, both of which have expressed interest. Deutsche Bank's shares rose on the news, while Commerzbank's fell. CNBC
Merger talks between Deutsche Bank and Commerzbank have collapsed—an embarrassment for Finance Minister Olaf Scholz, who has been trying to push them together. The failure of the talks makes Commerzbank vulnerable to a takeover from abroad, maybe by Italy's Unicredit, maybe by the Dutch ING Groep, both of which have expressed interest. Deutsche Bank's shares rose on the news, while Commerzbank's fell. CNBC