UPDATE 1-Deutsche Bank management board agrees to Commerzbank merger talks -source
The source, who spoke on condition of anonymity, confirmed information reported earlier by the Welt am Sonntag newspaper. The person said that first unofficial contacts have taken place in a very small group and that talks were at a very early stage.
A spokesman for Deutsche Bank and a spokeswoman for Commerzbank both declined to comment. Speculation about a possible merger between the two banks has been rife for months, heightening under the tenure of Finance Minister Olaf Scholz, who has spoken out in favour of strong banks.
Both lenders have struggled to return to sustainable profitability since the global financial crisis. (Reporting by Tom Sims and Andreas Framke; editing by John Stonestreet)
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
- READ MORE ON:
- Person of Interest
- Grammatical person
- Third-person shooter
- Deutsche Bank
- Online newspaper
- Trinidad Express Newspapers
- Electronic paper
- Thomson Reuters Foundation
- Thomson Reuters Corporation
- The Daily Beast
- Olaf Scholz
- Rozana Spokesman
- The Spokesman-Review
- Federal Bureau of Investigation
- Social group
- Group sex
- Advocacy group
- Bad bank
- Chase Bank
- Azealia Banks
ALSO READ
Jewish group launches Holocaust survivor speakers bureau to fight increasing antisemitism worldwide
Myanmar capital military base attacked by drones, anti-junta groups say
Myanmar capital military base attacked by drones, anti-junta groups say
Myanmar capital military base attacked by small drones, anti-junta group says
NCP vs NCP: SC asks Sharad Pawar, Ajit Pawar groups to abide by its order