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Thursday, October 17, 2019

Tag: Commerzbank

Bank job cuts, mostly in Europe, touching 60,000

Figures underscore weakness of continent’s financial industry.

German bank merger talks crumble

Both the banks' CEOs say a deal would not have created sufficient benefits to offset the risks and costs of a merger.

Update on Deutsche Bank-Commerzbank merger talks by Friday

The merger talks have come amid stiff resistance from unions and employees.

Deutsche Bank says US operations aren’t part of merger talks

Deutsche Bank and Commerzbank started formal merger negotiations last month.

Commerzbank stake sale would cost German taxpayers billions of euros

The Commerzbank share price, or the price offered in any takeover deal, would have to be some 26 euros to avoid a loss for the state.

Deutsche Bank in talks with Commerzbank after turnaround failed

Both German banks have struggled for years to restore their revenue growth and have thus begun merger talks.

Germany’s two shrinking banks may get closer to a merger

While there’s no formal mandate to pursue a merger and other options are still being considered, Deutsche Bank CEO Christian Sewing has given up his resistance to doing a deal this year.

Deutsche Bank chief dismisses takeover speculation

Speculation about a possible merger has continued despite the bank's dismissal in September.

Samsung said in talks to sell Commerzbank’s City of London HQ

Samsung Life has been encouraged to sell the London property by the continued demand for office space in London, according to a sales document for the building seen by Bloomberg News.