Deutsche Bank and Commerzbank have ended their talks about combining forces. Both say they've concluded the risks and costs would outweigh the benefits.
Germany's two largest lenders have called off any further discussions about a merger. Berlin had promoted the idea of creating a banking "champion" capable of supporting Germany's export-orientated economy.
The national banking champion the German finance minister had been eager to get is not coming. DW's Henrik Böhme believes both Deutsche Bank and Commerzbank should brace for even more turbulent times.
Germany's two largest lenders, Deutsche Bank and Commerzbank, have confirmed they are in merger talks, bowing to pressure from the government. Both banks saw their share prices collapse by more than half last year.
After US lawmakers demanded Donald Trump's financial records from Deutsche Bank and Capital One, the US president sued to stop the release. The subpoenas would serve to "ferret" for damaging material, the lawsuit says.
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