Top firm CEO opens the door to bank merger deals

Merge Right Sign

First things first, though.

Bloomberg News reports that Deutsche Bank is prepared to consider deals once the bank has boosted its profitability over the next 18 months, CEO Christian Sewing said.

“We have a very clear plan to remain a global bank, but we have to work on profitability now,” Sewing said Monday at an event in Berlin. “If that happens, we can talk about other things,” he said in response to a question about a possible merger with Commerzbank. Italy’s Il Sole 24 Ore newspaper said Tuesday the bank may study a large capital increase for such a deal, without citing anybody. A spokesman for the bank declined to comment.

Combining Germany’s two largest banks has won the backing of government officials who are keen on creating a financial heavyweight to support the country’s exporters before a downturn strikes.

Hit the link below to access the complete Bloomberg News article:

Deutsche Bank CEO Opens Door to Deals After Profit Gain

Goldman Adviser Who Managed $1.4 Billion Leaves to Open Own Firm

 

 

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