Deutsche Bank mega-merger collapses
The proposed merger between German financial institutions Deutsche Bank and Commerzbank has collapsed, leaving uncertainty in its wake.
Deutsche Bank, which employs hundreds of people at their Brindleyplace offices, has abandoned plans to merge with its rival due to the complexity of a potential merger.
The Financial Times reported that the German government had backed the merger, saying the country needed a bank big enough to rival its Wall Street competition.
Had they merged, they would have become the second largest len... For the full story register now for free or login below...