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Deutsche Bank and Commerzbank start merger talks

Long has made the policy of pressure, now Deutsche Bank and Commerzbank declined. You want to officially talk about a possible merger. Shareholders are sceptical about the trade unions fear thousands of Jobs.

The Deutsche Bank and the Commerzbank officially begin talks on a merger. The two largest German private banks told. Both banks said that the talks were open-ended.

"at The present time is not whether it will ever come to a transaction," said Deutsche Bank head Christian Sewing. "The experiences show that there can be many economic and technical reasons that can be opposed to such a step."

Should succeed the project would create by far the largest German Bank, with around 38 million Private and corporate customers, initially approximately 140,000 employees and a balance sheet total of almost two trillion euros.

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