Germany's two biggest banks, Deutsche Bank and Commerzbank, are in talks about a merger to create what would be one of the world's largest lenders. Both banks insist negotiations are at an exploratory stage.
Chief executive Christian Sewing has promised to speed up the embattled bank's "transformation," as he faces disgruntled shareholders and activists in Frankfurt.
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.
Deutsche and Commerzbank have confirmed they'll hold open-ended talks on a possible merger of Germany's two largest lenders. DW business editor Henrik Böhme hopes there can be only one result after these talks.
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.
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