Deutsche Bank is weighing a new unit for unwanted assets and businesses set for closure, should a possible merger with Commerzbank fall through
Deutsche Bank AG executives have discussed creating a new unit to house unwanted assets and businesses that could be earmarked for closure, part of contingency planning under way should a possible merger with German rival Commerzbank AG fall through, according to people familiar with the matter.
Deutsche Bank for years has been retooling its strategy and management, promising to reinvigorate profits, repair compliance weaknesses and cut rising costs. Executives insisted publicly up until late 2018 that the bank should only...
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'Massive job cuts' the only way a Deutsche Bank-Commerzbank merger would make sense, strategist saysThe only way a potential merger between Deutsche Bank and Commerzbank would make sense is by making massive job cuts across the two firms, a strategist told CNBC Wednesday.
Read more »
83 percent of Commerzbank staff oppose Deutsche Bank merger: surveySome 83 percent of Commerzbank employees oppose a merger with Deutsche Bank, according to an internal survey seen by Reuters
Read more »
Commerzbank staff give thumbs down to Deutsche deal: surveyAn internal survey shows that 83 percent of Commerzbank employees oppose a merger with Deutsche Bank
Read more »
A Champion Investment Bank Is the Wrong Solution for EuropeHeard on the Street: Even if Deutsche Bank and Commerzbank merge, they will still struggle with Europe’s flawed capital markets
Read more »
Deutsche Bank shares slip amid $20 billion Russian money-laundering allegationsShares in Deutsche Bank slipped nearly 2% on Thursday morning following reports the German bank could face legal action over a $20 billion Russian money-laundering scheme.
Read more »
German banking tie-up brings out balloon-floatersING may have taken a sniff at Commerzbank, in talks to merge with Deutsche. Shareholders won’t relish a healthy Dutch bank chaining itself to an ailing German one. But it’s a chance for Commerz to appear in demand, and for ING to troll local politicians about rigid bank rules.
Read more »
House Democrats Subpoenaed Nine Banks in Trump Finance ProbeHouse Democrats have subpoenaed nine large banks as part of an inquiry into President Trump’s financial interests and possible Russian money laundering, according to people familiar with the matter, including six U.S. firms and three foreign lenders.
Read more »
US House panels issue subpoenas to financial institutions in Trump probeHouse Intelligence Committee Chairman Adam Schiff says in a statement the subpoenas issued included a “friendly subpoena to Deutsche Bank.”
Read more »
Bank of Japan ready to deploy monetary policy tools to fight crisis: deputy governorThe Bank of Japan is ready to deploy monetary policy tools if a financial crisis...
Read more »