Deutsche Bank, Commerzbank confirm talks on possible merger

SABC News Deutsche Bank AFP - Deutsche Bank, Commerzbank confirm talks on possible merger

Germany’s two biggest lenders, the ailing Deutsche Bank and Commerzbank, confirmed Sunday they would launch formal talks toward a possible merger.

Deutsche Bank said in a statement it was “reviewing strategic options and confirms discussions with Commerzbank”, adding that “there is no certainty that any transaction will occur”.

Commerzbank said both banks had “agreed today to start discussions with an open outcome on a potential merger”.

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