A merger of Deutsche Bank and its rival Commerzbank could result in as many as 3...
The supervisory boards of both banks meet on Thursday when the merger is likely to be discussed.
The government, which holds a stake of more than 15 percent in Commerzbank following a bailout, wants a national banking champion to support its export-led economy, best known for cars and machine tools.“In our opinion a possible merger would not result in a business model that is sustainable in the long term,” Verdi’s Duscheck said.
A major Deutsche shareholder is not fundamentally opposed to a merger, said a person close to the unnamed shareholder, but wants to hear a compelling case for a deal.
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