Deutsche Bank and Commerzbank on Sunday confirmed they were in talks to possibly...
FRANKFURT - Deutsche 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.
“In light of arising opportunities, the management board of Deutsche Bank has decided to review strategic options,” Deutsche said in a statement. It said there was no certainty of a deal and that the board was “focused on improving the growth profile and profitability of the bank”.Formal disclosure of talks increases the chances of concluding a tie-up that has long been the subject of speculation and surfaced in 2016 before both banks decided to focus on restructuring.
Berlin also wants to keep Commerzbank’s speciality - the funding of medium-sized companies, the backbone of the economy - in German hands. The merged bank would have roughly 1.8 trillion euros in assets, such as loans and investments, and a market value of about 25 billion euros , based on Friday’s closing stock prices.
Some major shareholders have privately said they were against a merger, but the U.S. investor Cerberus, a large investor in both banks, has favored talks, a person familiar with the matter has told Reuters.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
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.
Consulte Mais informação »
Deutsche Bank set to announce merger talks with Commerzbank: sourceDeutsche Bank was set on Sunday to confirm merger talks with fellow German lende...
Consulte Mais informação »
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.
Consulte Mais informação »
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.
Consulte Mais informação »
Merger speculation boosts shares in Deutsche and CommerzbankShares in Deutsche Bank and Commerzbank traded higher on Monday as German busine...
Consulte Mais informação »
Deutsche Bank, Investors Bank subpoenaed for Trump Organization records by New York attorney generalMichael Cohen told Congress that Donald Trump inflated his assets to improve his odds of buying the National Football League's Buffalo Bills, a gambit that eventually failed. Late Monday night, the office of New York Attorney General Letitia James subpoenaed Deutsche Bank and Investors Bank for
Consulte Mais informação »
Berlin backs Deutsche Bank merger despite risk of shortfall: sourcesBerlin is so worried about the health of Deutsche Bank that it pushed for a merg...
Consulte Mais informação »
Explainer: Why Germany wants a merger to underpin Deutsche BankThe German government has pressured Deutsche Bank into merger talks with state-b...
Consulte Mais informação »
Two top shareholders skeptical of Deutsche-Commerzbank merger: sourcesTwo top shareholders in Deutsche Bank are skeptical about a merger with its riva...
Consulte Mais informação »
Japan's regional bank lobby urges BOJ to focus on rising costs of easingJapan's regional bank lobby on Wednesday called on the central bank to focu...
Consulte Mais informação »