CZR - Wall Street Breakfast: German Bank Giants In Merger Talks
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It's official! Deutsche Bank (DB) and Commerzbank (CRZBY) have confirmed they're in talks about a merger, prompting labor union concerns about possible job cuts and questions from analysts about cost shredding and how the deal would be structured and financed. Germany’s two largest banks issued short statements following meetings of their management boards, indicating a quickening of pace in the merger process, although both warned