Deutsche Bank and Commerzbank begin discussions about a possible merger. This is the German press Agency learned on Sunday from banking circles.
For months, speculation about a merger of the two institutions. Again and again reaffirmed the Federal Finance Minister, Olaf Scholz (SPD), and his Secretary of state, the former Goldman Sachs Germany head Joerg Kukies: Germany need strong banks. The Federal government was open to "economically viable options".
Alone Kukies met according to official data, in the past year, almost two dozen Times with leading representatives of the German Bank. At Commerzbank, the Federal government over its shares has a say in the participation of over 15 percent, which he holds since the financial crisis, right.
according to media reports, Scholz, and Kukies of the Bank, heads of Christian Sewing (Deutsche Bank), and Martin Zielke (Commerzbank) urged to check out - ideally before the European elections end of may.daily mirror tomorrow location Free
lack of a powerful international Bank. While the U.S. competition deserves a long well, Bob up and down Germany's major banks, ten years after the financial crisis.
The deutsche Bank market is traditionally highly competitive, low interest rates in the Euro area, and high regulatory costs in the industry make it difficult to earn money in addition. This house came made problems such as expensive legal Contaminated sites at the German Bank.
Deutsche Bank last with a return to profit zone
After three years of losses in a row, managed Germany's biggest money house of 2018, with 341 million euros in Excess of the return to the profit zone. Of shiny billion in the past, the Deutsche Bank is the away win, however, for miles and miles - as well as the share price of the former highs.
Commerzbank has earned in the past year, although about two and a half Times as much as Deutsche Bank (865 million euros), is not in your group's restructuring included job cuts, but also on the target. The Institute rose in the autumn, in the face of a sharply trimmed the stock exchange value even from the Dax to the MDax.
If a merger of the two houses would be the solution of the problems, is among experts controversial. It is doubted, especially that of the ailing German Bank and under construction to Commerzbank, the "national Champion" with a lot more weight on the international stage would be that the policy wishes.More about
Plan of Bank merger, The state takes too much of an impactCarla Neuhaus
without a Doubt, could be reduced in a larger unit in duration, the cost, the mega-topic of digitization could drive the Institute with United forces. However, thousands of Jobs would be on the Brink, to the Central and branch offices, a merger certainly would not go unscathed. (dpa)