Investment Banking

Deutsche and Commerzbank merger talks break down

‘Combination would not be in the interests of either bank’s shareholders or other stakeholders’

Sunday 21 April 2019 at 04:24

Deutsche and Commerzbank merger talks break down
Photo: Getty Images

Banking giant Deutsche Bank and its crosstown rival Commerzbank on Thursday ended merger talks, leaving in tatters the German government’s hope to shore up both banks and create a banking powerhouse.

The failure to unite the two ailing lenders is likely to unleash fresh attempts by other banks to scoop up one or both of the banks, a process that could spur the biggest reshuffling of European banking assets since the financial crisis.