THE STORIES BEHIND THE HEADLINES

Abu Dhabi

London

New York

Tuesday 20th March 2018

Deutsche Bank and Commerzbank Call off Merger Talks

Business

7Dnews London

Thu, 25 Apr 2019 09:56 GMT

Germany's two biggest lenders Deutsche Bank and Commerzbank said Thursday April 25th they had called off talks on a possible merger, dashing Berlin's hopes of creating a financial "national champion", AFP has reported. 

"After thorough analysis, we have concluded that this transaction would not have created sufficient benefits" to justify the risks and costs of the complex deal, Deutsche Bank chief executive Christian Sewing and Commerzbank chief Martin Zielke said in a statement.

Europe