RSS   Newsletter   Contact   Advertise with us
Post Online Media

Deutsche Bank and Commerzbank confirmed they talk about merger

Share on Twitter Share on LinkedIn
Staff Writer | Sunday March 17, 2019 12:22PM ET
Christian Sewing
Europe   Christian Sewing, Deutsche Bank’s chief executive

Deutsche Bank and Commerzbank confirmed on Sunday they were in talks about a merger and both warned that a deal was far from certain.


Please disable your ad blocker for POST to be able to enjoy our free content.
Germany’s two largest banks issued short statements following separate meetings of their management boards, a person with knowledge of the matter said, indicating a quickening of pace in the merger process.

“In light of arising opportunities, the management board of Deutsche Bank has decided to review strategic options,” Deutsche said in its statement.

Christian Sewing, Deutsche Bank’s chief executive, told employees that Deutsche still aimed “to remain a global bank with a strong capital markets business...with a global network”.

Sewing also said that many factors could prevent a merger, and a Deutsche spokesman said the talks were expected to last for some time. For its part, Commerzbank described the outcome as open.

 

What to read next
POST Online Media Contact

 More inside POST