Deutsche Bank and Commerzbank confirm merger talks following German gov't support

Eugenia Jiménez
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Deutsche Bank and Commerzbank confirm merger talks following German gov't support

German rivals Deutsche Bank and Commerzbank confirmed formal merger discussions on Sunday after German government expressed its support for the potential tie-up. Two of Germany's largest lenders announced they had entered merger talks to explore tie-up options following months of external speculation. The announcement came after the German executive indicated it would not object to necessary cost cuts or job losses resulting from the potential tie-up. Under the deal, the merger bank ...

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