UBS and Deutsche Bank in 'serious' talks over asset management merger - reports

The asset management arms of Deutsche Bank and UBS are in serious talks over a potential merger which would create a new European fund management giant with assets under management (AUM) of €1.4trn, according to reports. The FT reports that discussions about a potential deal have been going on "for a couple of months", according to a person close to the situation.  If the deal is successful, the new group would become a rival to Europe's largest money manager, Amundi, in terms of AUM,...