Germany's Deutsche Bank, Commerzbank Halt Merger Talks

NewsOK.com RSS - business >> !The Oklahoman, Daily Oklahoman: Business
Thu, 04/25/2019 - 2:05am

BERLIN (AP) — Deutsche Bank and Commerzbank said Thursday it is halting talks on a possible merger that would have created Germany's biggest financial institution but faced questions about costs and job losses. Deutsche Bank said in a statement that "after careful analysis" its management board has concluded that a combination with its rival "would not have created sufficient benefits to offset the additional execution risks, restructuring costs and capital requirements associated with such a large-scale integration.Read more on NewsOK.com

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Topics:  berlin ap     deutsche bank   commerzbank   germany   newsok   deutsche bank   halt   merger   talks   created   costs   
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