Heard on the Street: Even if Deutsche Bank and Commerzbank merge, they will still struggle with Europe’s flawed capital markets
Newsflash for financial deal makers: Europe doesn’t need an investment banking champion.
If Deutsche Bank and Commerzbank agree to a merger, their executives should remember this and it should govern where they make cuts and invest for the future. Investment banking and trading should be curbed dramatically, especially in the U.S. The priority should be corporate and transaction banking.
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