BERLIN: Lawmakers are warning Germany's finance minister that they will block any attempt to invest public money into a merged Deutsche Bank and Commerzbank, a deal which could require up to 10 billion euros of fresh capital.
A deal would see Berlin become a shareholder in the combined group, which one German official said will need up to 10 billion euros of fresh capital because of restructuring costs and the fact that losses on investments could be triggered by a tie-up. "As things stand, it is unthinkable that the Bundestag would agree," said Binding."Any synergies in this deal would come at an immensely high price: huge unemployment. 25,000 to 30,000 jobs could go. I'm against a merger.""We need competition in the banking market, not mega mergers," said Hans Michelbach, a lawmaker from the Christian Social Union, the Bavarian sister party of Chancellor Angela Merkel's Christian Democratic Union.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
One of Russia's richest women killed in German plane crashA plane crashed in Germany on Sunday killing three people, police said, as one of Russia's richest women was identified by the company she co-owns as among the victims. Natalia Fileva, a co-owner of private Russian airline S7, died in the accident, the company said in a statement. A police car
Source: YahooSG - 🏆 3. / 71 Read more »
Deutsche Bank considers further cost cuts after weak quarter one: HandelsblattDeutsche Bank is considering fresh cost cutting after a weak first three months of the year, German business daily Handelsblatt reported, citing ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Oneberry seeks more German partnersALTHOUGH security company Oneberry Technologies is a first-time participant in the Hannover Messe, an industrial-technology trade show, it is no stranger to working with German partners. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
German ad highly offensive to Asian women, apology demandedThe advertisement by Hornbach in Germany has already garnered 5,000 signatures in a petition for a public apology for its absurd depiction of an Asian woman Hi! Thanks for your coverage of this petition, but there is one little fix to be made. Sung Un Gang omniaamo who started the petition has identified himself as a man.
Source: IndependentSG - 🏆 2. / 72 Read more »
Football: Lasogga's brace fires Hamburg into German Cup semi-finalsBERLIN: Hamburg striker Pierre-Michel Lasogga continued his fine scoring form in the German Cup on Tuesday (Apr 2) as he grabbed both goals in a ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
'Racist' German advertisement infuriates women in South KoreaSEOUL (AFP) - A German advertisement showing an Asian woman getting aroused after smelling dirty laundry worn by white men has fuelled anger in Seoul, with many women calling it racist and demanding an apology.. Read more at straitstimes.com. Please don’t be infuriated by racism. It is better to embrace it. It empowers the race being persecuted.
Source: The Straits Times - 🏆 8. / 63 Read more »
German 5G auction design could force up spectrum costs - D.TelekomThe way Germany's 5G auction is being run is creating a shortage of spectrum that risks forcing up costs and leaving operators short of cash to ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
German train car arrives in New York for Auschwitz exhibitNEW YORK (AP) — On a Sunday morning, a crane lowered a rusty remnant of the Holocaust onto tracks outside Manhattan's Museum of Jewish Heritage — a vintage German train car like those used to transport men, women and children to Auschwitz and other Nazi death camps.
Source: YahooSG - 🏆 3. / 71 Read more »
One of Russia's richest women killed in German plane crashBERLIN: A plane crashed in Germany on Sunday (Mar 31) killing three people, police said, as one of Russia's richest women was identified by the ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
German satirist takes Chancellor Merkel to court over poem mocking Turkey's ErdoganBERLIN (DPA) - German satirist Jan Boehmermann is taking Chancellor Angela Merkel to court over her assessment of a 2016 poem he read out on television mocking Turkish President Recep Tayyip Erdogan, a Berlin administrative court spokesman said on Tuesday (April 2).. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »