Deutsche Bank and rival Commerzbank to announce formal merger talks, moving discussions between Germany’s two biggest banks into a new phase
Deutsche Bank AG and German rival Commerzbank AG plan to announce formal merger talks as soon as today, according to people familiar with the matter.
The planned announcement signals that discussions between the two banks that already had started informally are entering a new phase. The Wall Street Journal and other media reported last week that the two lenders’ chief executives were speaking about a potential deal.
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