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“Then we will decide whether we will change our view,” the person said. The investor wouldn’t oppose a merger if the government wanted one, the person said. Deutsche Bank, Commerzbank, and the German finance ministry declined to comment. Speculation of a merger between the two has heightened under the tenure of Finance Minister Olaf Scholz, who has spoken in favor of strong banks santos de cartier cufflinks. His team has met frequently with executives of Deutsche, Commerzbank and major shareholders. Deutsche is considered one of the most important banks for the global financial system, along with JPMorgan, Bank of America and Citigroup..
But Deutsche has been plagued by three years of losses, ratings downgrades, failed stress tests, and money laundering scandals. A $7.2 billion U.S santos de cartier cufflinks. fine in 2017 for its role in the mortgage market scandal was a major blow that spooked clients. A merger between Deutsche and a European bank was also an option but less likely because it would be harder to sell to politicians, said the first person with knowledge of the matter. Deutsche Bank Chief Executive Officer Christian Sewing, who assumed the helm last year in a sudden management shake-up, has repeatedly said in public that he was focused on the bank’s “homework” – returning the bank to profitability. He announced job cuts last year and moved to slim down the sprawling investment bank division..
Earlier on Thursday, a separate source at Deutsche said the bank was focused on achieving sustainable profitability, seeking to distance the lender from talk of a merger with Commerzbank. The suggestion that such a merger is the only option for Deutsche is “completely false”, said the source, speaking on condition of anonymity. Shares in both lenders tumbled on Thursday after Bloomberg reported that Deutsche was expecting a government-brokered merger with Commerzbank by mid-year if efforts to restructure the lender fall short of targets santos de cartier cufflinks.
Deutsche shares closed 4 percent lower, while Commerzbank – still partially held by the government after a bailout – was 6.7 percent weaker santos de cartier cufflinks. On Friday, Deutsche Bank will report its 2018 results and analysts expect it to deliver its first annual profit since 2014. CEO Sewing is also likely to face further questions about a possible merger. A Deutsche supervisory board member said last week that there was no desire among board members for a merger with Commerzbank. Commerzbank reports earnings on Feb. 14..
WASHINGTON (Reuters) – U.S. President Donald Trump said on Thursday he would either strike a very big trade deal with China or “postpone” it, but it was not clear precisely what he was referring to. “This isn’t going to be a small deal with China. This is either going to be a very big deal, or it’s going to be a deal that we’ll just postpone for a little while,” Trump told reporters at the White House, without elaborating santos de cartier cufflinks. The world’s two largest economies are trying to strike a deal on trade by early March to avoid a planned increase in the tariff rate being imposed on Chinese imports by the United States..