Deutsche Bank and Commerzbank have ended their talks about combining forces. Both say they've concluded the risks and costs would outweigh the benefits.
The German lender is cutting thousands of jobs and shedding whole business lines as part of a massive overhaul. Analysts say cost cutting alone is not going to rid Deutsche Bank of its current woes.
Britain's opposition Labour party has challenged PM Boris Johnson's choice of finance minister. It has raised a raft of concerns about Sajid Javid's career with Deutsche Bank in the run-up to the global financial crisis.
The German lender has reported a bigger loss than predicted last month when it announced a major business overhaul. The troubled bank says it would be profitable if not for the restructuring costs.
Deutsche Bank says it will cut 18,000 jobs by 2022 as part of a major restructuring of the embattled bank. For years, Germany's biggest lender has suffered from weak performance and legal woes.
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