German bank champion will be made on Wall Street, CGAThompson says:
Commerzbank is working with Goldman Sachs, Rothschild and Hengeler Mueller on a possible merger with Deutsche Bank, according to a Reuters article on March 18 citing sources.
Citi is advising Deutsche Bank, which is also using its own in-bank team of M&A advisers, according to a person familiar with discussions. In Germany, Chancellor Angela Merkel's chief of staff said the government was scrutinising the merger after a union warned a tie-up could lead to 30,000 job losses.
The concerns underline the obstacles to combining the banks, which confirmed talks about a tie-up on March 17 following months of pressure from Berlin. The government has pushed for a deal amid concerns about the health of Deutsche Bank. Deutsche Bank shares were up 4.6 percent to 8.16 euros while those in Commerzbank were up by 6.5 percent to 7.61 euros on March 18.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Deutsche Bank set to announce merger talks with Commerzbank: sourceDeutsche Bank was set on Sunday to confirm merger talks with fellow German lende...
Leer más »
Explainer: Why Germany wants a merger to underpin Deutsche BankThe German government has pressured Deutsche Bank into merger talks with state-b...
Leer más »
737 Max groundings put a major source of Boeing's revenue at risk, Wall Street warnsBoeing's stock posted its biggest two day drop in a decade and several Wall Street firms are warning that investors were not anticipating the risk now facing the company's core airplane model.
Leer más »
Wall Street ekes out gains at open after inflation dataThe S&P 500 and Nasdaq eked out gains at open on Monday as February's benig...
Leer más »
Meghan McCain Pushes Myth That Women's Health Advocates Support InfanticideMeghan McCain just equated abortion access with infanticide in a reckless WallStreet Journal op-ed
Leer más »
Wall Street rises after tame inflation supports patient Fed; Boeing drags DowU.S. stocks rose on Tuesday after tame inflation data supported the Federal Rese...
Leer más »
Wall Street lifted by latest benign inflation dataU.S. stocks rose broadly on Wednesday with the S&P 500 index hitting a five-mont...
Leer más »
Boeing suffers a tumultuous day on Wall Street, but ends the day up half a percentThe Max 8 is Boeing's 'cash cow,' said one aviation consultant. 'It’s a big deal financially. It’s also a big deal reputationally.'
Leer más »
Wall Street rises; Boeing up despite U.S. grounding of 737 MAX jetsU.S. stocks rose on Wednesday, led by gains in healthcare shares, and Boeing edg...
Leer más »
GE shares drop after giving 2019 earnings forecast lower than Wall Street estimatesGeneral Electric gave shareholders an updated earnings forecast on Thursday.
Leer más »