FRANKFURT: Deutsche Bank and Commerzbank's chief executives have resumed talks over a potential merger, Focus magazine reported on Friday.
The second source said it was"total nonsense" that the boards had given their chief executives the go-ahead to begin talks and there had been no recent discussion at Commerzbank's supervisory board about a merger with a larger rival. Deutsche Bank shares traded 0.5 percent lower early in Frankfurt, while Commerzbank was 0.1 percent higher.Speculation of a merger has heightened under the tenure of Finance Minister Olaf Scholz, who has spoken out in favor of strong banks. Both banks have been slow to return to sustainable profitability since the global financial crisis.
Source: News Formal (newsformal.com)
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