Deutsche Bank and crosstown rival Commerzbank end merger talks, leaving in tatters the German government’s hope of creating a banking powerhouse
Banking giant Deutsche Bank AG and its crosstown rival Commerzbank AG Thursday ended merger talks, leaving in tatters the German government’s hope to shore up both banks and create a banking powerhouse.
The failure to unite the two ailing lenders is likely to unleash fresh attempts by other banks to scoop up one or both of the banks, a process that could spur the biggest reshuffling of European banking assets since the financial crisis.
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