Merger talks between Deutsche bank and Commerzbank collapses
Thursday, 25th April 2019
Merger talks between Germany’s top two lenders, Deutsche Bank, and Commerzbank ended in failure bowing to shareholder pressure and employee resistance, a person with knowledge of the matter said on Thursday.
Both lenders have spent six weeks discussing a deal that would create a lender with €1.8tn in assets and 140,000 employees.
Commerzbank said in a statement: “After careful analysis, the management board of Commerzbank has concluded today that a combination with Deutsche Bank would not have created sufficient benefits to offset the additional execution risks, restructuring costs and capital requirements associated with such a large-scale integration. As a result, the two banks have decided to discontinue discussions.”
Latest
- Who is Philippe Martinez, and how did he end up in the Carib...
-
Grenada crowned 2024 Caribbean Destination of the Year by Ca... -
Philippe Martinez demanded $40M to $100M from St Kitts and N... -
$320 Smoked Ham sparks outrage in Belize: Viral photo fuels... -
LIAT 2020 Expands Horizons, adds 3rd Embraer E145 aircraft a...
Related Articles
Thursday, 25th April 2019
Thursday, 25th April 2019
Thursday, 25th April 2019
Thursday, 25th April 2019
Thursday, 25th April 2019
Thursday, 25th April 2019