FILE PHOTO: Banners of Deutsche Bank and Commerzbank are pictured in front of the German share price index, DAX board, at the stock exchange in Frankfurt, Germany, September 30, 2016. REUTERS/Kai Pfaffenbach
Deutsche Bank CEO Christian Sewing and his counterpart at Commerzbank, Martin Zielke, have been in intense talks for some days, the magazine said. Speculation of a merger has heightened under the tenure of Finance Minister Olaf Scholz, who has spoken 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)
What is the liability, seems toxic. Let it go. It will be cheaper.
Vestager has likely a problem with that! Btw, for Danske Bank....EU banks will not touch that thing. Left to US banks and vulture funds. PayBackForNarrowMindedAttitude Once out of Commission, get a nice paying job in Washington DC for good services ?
Together they can afford the fines Deutsche has coming
D
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Commerzbank and Deutsche Bank would gain little by mergingBoth Commerzbank and Deutsche Bank are already slashing costs and shredding staff. A union would lead to more cuts A ruse to unload tens of thousands of employees & while the ECB is reasonably solvent to replace capital. But more interestingly, what’s the % age of NPL’s ? They can also hide a lot of their corruption or maybe accelerate corruption after merger. Worse timing ever!
Source: TheEconomist - 🏆 6. / 92 Read more »
The American With the Toughest Job in Finance: Saving Deutsche BankMatt Zames of Cerberus Capital has a colossal mess to help clean up at the German giant, which has posted a string of disappointing results, has been designated a ‘troubled institution’ by the Federal Reserve and faces pressure to merge with a rival. To the bank, Cerberus is at once a shareholder, paid adviser and customer. Yeah, really don't care. They gave The Mad King funds to run this country into the ground! Hope they fall! Well... they could start by getting out of laundering money for the Russian Oligarchs. Not that tough. Fire the the entire top 4 layers of management.
Source: WSJ - 🏆 98. / 63 Read more »
Deutsche Bank is slashing its bonus pool and some bankers are getting zero payoutsDeutsche Bank is slashing its bonus pool and some bankers are getting zero payout
Source: BusinessInsider - 🏆 729. / 51 Read more »
Rep. Maxine Waters tell Chris Hayes that Deutsche Bank is cooperating with her committee.Rep. Maxine Waters, chair of the House Financial Services Cmte., tells Chris Hayes that Deutsche Bank is cooperating with the committee's investigation of President Trump. Justice Roberts’ son? Uh oh 😅😅😅😅😅 While they are at it, see if they can find the $900 M DiBlasios wife “lost”
Source: MSNBC - 🏆 469. / 51 Read more »
Democrats investigating Trump's alleged money laundering may soon have his Deutsche Bank financial recordsCongresswoman Maxine Waters, chairwoman of the Financial Services Committee, said the institution only recently agreed to cooperate after Democrats took control of the House. onahunttoday Trey Gowdy, meet your match. All they need to do is get hillary's emails. He sent them to her via email. Is this a new theory of conspiracy?
Source: Newsweek - 🏆 468. / 52 Read more »
Deutsche Bank will start promoting junior bankers earlierInvestment banks have been reshaping their cultures and perks for junior employees in recent years as competition for talent — across Wall Street and Silicon Valley — has intensified. As long as there are people willing to work in anything that’s got something to do with interest rates ...
Source: BusinessInsider - 🏆 729. / 51 Read more »
Deutsche Bank has reportedly considered closing its equities-trading unit after hundreds of millions in lossesThe German lender is battling for survival after years of restructurings have failed to convince clients and investors that the bank can overcome a series of self-inflicted wounds. ouch ..... ‘How the mighty are fallen’!
Source: BusinessInsider - 🏆 729. / 51 Read more »
Wall Street is in full sell mode on Deutsche BankWall Street analysts are negative on Deutsche Bank with only one of 32 analysts recommending a buy on the stock, as the bank faces many challenges.
Source: BusinessInsider - 🏆 729. / 51 Read more »
ECB, BoE activate swap line ahead of BrexitThe European Central Bank and the Bank of England activated a standing currency ...
Source: Reuters - 🏆 2. / 97 Read more »
Bank of America, RBS sued in U.S. over euro bond cartelBank of America Corp and Royal Bank of Scotland Group Plc have been sued by inve... МЫЛО 2
Source: Reuters - 🏆 2. / 97 Read more »