According to Bloomberg, the governing boards of the two German banks met on Sunday. Officially, it is about "reviewing the strategic options for both companies", less official – for the merger of banks.
According to experts, the merger would make sense because the two banks have been experiencing difficulties for years and reported poor financial results. According to global economic media, bank management met only after receiving positive signals from the German government for the merger. The authorities of this country should have suggested they would accept such a connection.
The merger of Deutsche Bank and Komercbank implies not only the merger of the two largest German financial institutions, but also the creation of the fourth largest bank in Europe.
Banks are checking the activity of customers on the network. "This is far from interfering." Watch the video:
Although the government should be favorable for transactions, the unions say "no". Employees' representatives claim that through the merger, the banks will not meet their most important goals in any case and will end up with massive redundancies. And according to unofficial threatened information, there may be up to 30,000 opinions.
However, fusion champions believe that both companies have no choice but to lose market shares. Deutsche Bank and Commerzbank lost half their market value on stock markets over the past year.
1 hour ago
skepticThe most important thing is the last position – they lost half their market value on stock markets over the last year. When we add to this … Read the whole thing
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