Deutsche Bank and Commerzbank Announce Start of Merger Talks
Deutsche Bank and Commerzbank formally announced the initiation of discussions aimed at a potential tie-up of the two German banks, which would form the second or third largest European bank with about EUR 1.9 trillion of assets. The announcement comes after speculations of a merger had intensified amid the lacklustre progress both banks have made over the last years in their respective restructuring efforts and anticipations of a lower-for-longer interest rate environment diminishes hopes of a ...Commerzbank operates through five segments: Private Customers, which comprises the Private Customers, Direct Banking and Commerz Real divisions; Mittelstandsbank, which include the Mittelstand Germany, Corporate Banking & International and Financial Institutions divisions; Central and Eastern Europe, which consists of the universal and regional banking and direct banking activities; Corporates and Markets, which consists the Equity Markets & Commodities, Fixed Income & Currencies, Corporate Finance and Credit Portfolio Management divisions; as well as Non-Core Assets, which includes the operations of CRE Banking Germany, CRE Banking International, Public Finance and Deutsche Schiffsbank.
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