Deutsche Financial institution administration board reportedly agrees to Commerzbank merger talks
The supply, who spoke on situation of anonymity, confirmed data reported earlier by the Welt am Sonntag newspaper. The individual mentioned that first unofficial contacts have taken place in a really small group and that talks had been at a really early stage.
Hypothesis a few doable merger between the 2 banks has been rife for months, heightening beneath the tenure of Finance Minister Olaf Scholz, who has spoken out in favor of robust banks.
Each lenders have struggled to return to sustainable profitability because the world monetary disaster.