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CRZBY - Deutsche Bank And Commerzbank: The Whole Isn't Necessarily Going To Be Greater Than Its Sums
Commerzbank AG ADR New
This seems like the final lap in the German race to form a merger between the country's two biggest banks - Deutsche Bank (DB) and Commerzbank (CRZBY) (CRZBF).
The two are poised to formally announce the start of exploratory merger talks after the German government signaled it will allow job and cost cuts, painful but crucial pre-conditions for this merger to have a chance to succeed.
Deutsche Bank is seeking, for a long time, some sort of a political cover from Chancellor Angela Merkel as it tries to move forward a