German bank body: Deutsche Bank/Commerzbank merger wouldn’t make commercial sense
The head of Germany’s BdB banking association said on Thursday that a merger of Deutsche Bank and Commerzbank did not make sense and added that the German economy was big enough to accommodate several big banks.
German bank merger hopes crumble as Deutsche Bank and Commerzbank scrap talks
Deutsche Bank and Commerzbank said their merger talks had ended, with execution risks, restructuring costs and capital requirements dashing German attempts to create a mega-bank.
Swedbank admits money laundering flaws, cooperating with U.S. authorities
Swedbank admitted to failings in combating money laundering and said on Thursday it was facing investigations in the United States, adding to pressure over its Baltic business.
Gucci owner Kering close to settling Italian tax case for 1.3-1.4 billion euros: sources
French luxury group Kering is close to agreeing to pay between 1.3 billion and 1.4 billion euros ($1.5-1.6 billion) to settle a dispute with Italian authorities over unpaid taxes by its fashion brand Gucci, three sources told Reuters on Thursday.
Scholz, on failed Deutsche/Commerzbank talks: German industry needs competitive banks
German Finance Minister Olaf Scholz said on Thursday that German industry needed competitive banks for its global business after merger talks between Deutsche Bank and Commerzbank ended in failure.
Merger call-off by Deutsche, Commerzbank ‘private sector decision’: minister
Germany’s Labour Minister Hubertus Heil acknowledged the announcement of the country’s two biggest banks, Deutsche Bank and Commerzbank to discontinue end talks to merge as a “private sector decision of two companies”, he said on Thursday.
Deutsche-Commerzbank merger collapse just delays sector revamp: UBS CEO
Consolidation in the European banking industry remains inevitable, UBS Chief Executive Sergio Ermotti told journalists on Thursday after Deutsche Bank and Commerzbank called off talks.
Deutsche Bank says to post first-quarter profit above expectations
Deutsche Bank expects to post a first-quarter net profit of about 200 million euros ($223 million), beating analysts’ expectations of 29 million.
World stocks slip, euro suffers, growth fears linger
World equity markets slipped on Thursday amid worries on global growth and as investors digested European earnings, while the Swedish crown slumped to its lowest in 17 years and the euro suffered after German data.
Deutsche Bank and Commerzbank call off merger talks
Deutsche Bank and Commerzbank have ended talks to merge with no deal, the banks said on Thursday.
