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Deutsche Bank Exploring Merger

Deutsche Bank Exploring MergerDeutsche Bank Exploring Merger

Deutsche Bank AG, Germany’s largest lender, explored a possible merger with rival Commerzbank AG, Manager Magazin reported, without saying where it obtained the information, Bloomberg reported. The considerations were “only of a theoretical nature” and at a very early stage, the German magazine reported on its website on Wednesday. The lender is also mulling options such as reintegrating its Postbank consumer branches that were earmarked for sale, according to Manager Magazin. Officials at Deutsche Bank and Commerzbank declined to comment. Deutsche Bank, which houses Europe’s largest investment bank, has lost about 43% in market value this year as Chief Executive Officer John Cryan struggled to shore up capital and reverse losses.

Financialtribune.com