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Deutsche Bank agrees to informal merger talks

Scorpio

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#1
BB has been documenting this decline for some time,
and now they go for a tie up with others instead of choosing the road of death




Deutsche Bank agrees to informal merger talks with Commerzbank



By Jenny Strasburg, Bojan Pancevski, and Patricia Kowsmann

Published: Mar 9, 2019 3:40 p.m. ET


Talks involving the CEOs reflect deepening willingness to engage in a possible tie-up


AFP/Getty Images
The headquarters of German company Deutsche Bank in Frankfurt. Chairman Paul Achleitner has emphasized privately with investors and others close to the bank that merger talks are the responsibility of the CEO.
Deutsche Bank AG’s DB, -0.23% top executives have agreed to hold discussions with rival Commerzbank AG CRZBY, -0.79% about a potential merger, as Germany’s two biggest banks explore strategic options after suffering prolonged performance and share-price declines, people close to the banks said.

The informal talks reflect a deepening willingness by Deutsche Bank’s management board to engage in a possible tie-up, though executives this week continued to see a potential merger as one option, some of the people said.

Heightened pressure on the banks from German government officials to address their lagging performance, and consider in more detail how a merger might take shape, also factored into recent discussions, the people said.

The agreement by Deutsche Bank’s management board to hold talks was earlier reported by the Welt am Sonntag newspaper. One person close to Deutsche Bank said the agreement was made in the latter half of February. The management board is composed of top executives and is responsible for setting its strategy with oversight from the so-called supervisory board of the bank.

An expanded version of this report appears on WSJ.com.
https://www.marketwatch.com/story/d...h-commerzbank-2019-03-09?mod=mw_theo_homepage
 

ZZZZZ

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#2
Combining two monster POS banks just creates one galactic-scale POS bank that will have to be bailed out by German taxpayers.
.
.
 

Zed

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They said never at one stage. Must be desperate.
 

Buck

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#4
and the CEO's will depart with their pockets AND bank accounts AND personal safes full of wealth

Thinking to themselves, 'Wow, I got away with that?' while their psychotic side says "Fools!"