Merger hurdles prove too high for German banking giants

Merger hurdles prove too high for German banking giants
Deutsche Bank (l) and Commerzbank (r) towers in Frankfurt. Pic: Getty

The failure to agree on a deal with Commerzbank now forces Deutsche Bank, once Europe’s dominant financial institution, to come up with its fifth turnaround plan since 2015

German banks Deutsche Bank and Commerzbank have ended talks on a historic tie-up, throwing the future of the lenders into question after a series of failed turnaround plans.

More than five weeks of negotiations and the German finance ministry’s push to forge one strong institution out of two struggling firms failed to overcome the economic and political obstacles to combining the country’s biggest listed banks....

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