Deutsche Bank and Commerzbank Poised to Announce Merger Talks

Deutsche Bank AG and Commerzbank AG are poised to formally announce the start of exploratory merger talks after the German government signaled it will allow job and cost cuts, according to people familiar with the matter. The boards of both companies are planning to meet separately on Sunday to approve the beginning of discussions and an announcement could be made shortly after, the people said, asking not to be identified because the discussions are private. The banks have not made a final decision on entering negotiations and any talks may not lead to an agreed deal, the people said.

Source: https://www.bloomberg.com/news/articles/2019-03-17/deutsche-bank-commerzbank-said-poised-to-announce-merger-talks?srnd=premium-middle-east

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