Deutsche Bank and German rival Commerzbank confirmed they’re discussing a potential merger, with Deutsche Bank referring to the talks as part of a process to review “strategic options”
Deutsche Bank AG and German rival Commerzbank AG on Sunday confirmed they’re discussing a potential merger, with Deutsche Bank referring to the talks as part of a process to review “strategic options.”
The announcements signaled that discussions between the two banks that already had started informally are entering a new phase. The banks for years, under different CEOs, have considered a tie-up. But previous talks ended before any formal announcements were made.
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