Two top shareholders in Deutsche Bank are skeptical about a merger with its riva...
FRANKFURT - Two top shareholders in Deutsche Bank are skeptical about a merger with its rival Commerzbank, doubting that such a combination would guarantee higher returns, people familiar with the matter said.
Those in favor of a merger say a tie-up would create a bank with an equity market value of more than 24 billion euros , based on Friday’s closing share prices, and a 20 percent share of the German retail banking market.A merger would cost time and money, and it would in no way guarantee better returns, a person close to a top-10 Deutsche Bank shareholder said on Monday.
The views of the two major investors contrast with those of U.S. investor Cerberus Capital Management, a major shareholder in both banks. A person familiar with the matter said last month that Cerberus was open to a merger, increasing the chances of a tie-up. Berlin based BGA, the Federation of German wholesale, foreign trade and services, which represents large and mid-sized export businesses said a merger could make sense if it resulted in one German player surviving in the longer run.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Bubble Watch: College basketball winners, losers among borderline NCAA tournament teamsUSA TODAY Sports takes a look at the teams that boosted their NCAA tournament profiles and some who could be in trouble heading into March Madness.
Baca lebih lajut »
Deutsche Bank Executives Agree to Informal Merger Talks With CommerzbankDeutsche Bank’s top executives have agreed to hold discussions with rival Commerzbank about a potential merger, as Germany’s two biggest banks suffer prolonged performance and share-price declines.
Baca lebih lajut »
Deutsche Bank and Commerzbank shares rally on merger talkShares of Deutsche Bank and Commerzbank surged Monday after reports that the two have agreed to hold merger talks.
Baca lebih lajut »
Deutsche Bank agrees to informal merger talks with CommerzbankDeutsche Bank AG’s top executives have agreed to hold discussions with rival Commerzbank AG about a potential merger, as Germany’s two biggest banks explore strategic options after suffering prolonged performance and share-price declines, people close to the banks said.
Baca lebih lajut »
Harvard runner wins two races despite suffering gruesome injury after losing shoeKieran Tuntivate won the 3,000-meters and 5,000-meters despite suffering injuries comparable to a third-degree burn.
Baca lebih lajut »
Two longest tenured GE board members retiring with no proposed replacementsGeneral Electric will ask shareholders this year to nominate only 10 directors to the company's board, as GE's two longest tenured directors will be retiring, according to a filing submitted Friday.
Baca lebih lajut »
Unvaccinated Oregon boy contracts tetanus, spends two months in hospital for over $800K in medical treatmentsDespite the recommendation of doctors, the child's parents refused a second dose of the DTaP vaccination given to the boy during treatment, along with other vaccines.
Baca lebih lajut »
Two factors India investors should watch out forIndia's minister of state for civil aviation, Jayant Sinha, said oil prices and the monsoon season dictate a lot of government policies in the country as well as the central bank's moves.
Baca lebih lajut »
Nearly two-thirds of Americans are confused about this simple way to save for retirementNearly two-thirds of Americans are confused about this simple way to save for retirement via CNBCMakeIt
Baca lebih lajut »
Two NASA astronauts will conduct the first all-female spacewalk in historyAn all-female crew is scheduled to conduct a spacewalk at the International Space Station on March 29.
Baca lebih lajut »