A Fusion of the German Bank and the Commerzbank could mean the “image” that the closure of 500 branches. In the case of a merger, the costs would be significantly reduced, because both the Institute could save around a third branch, was quoted by the newspaper on Friday, the circuits of the two banks. Commerzbank currently has over a thousand branches, Deutsche Bank has around 530.
unions fear the removal of up to 30,000 Points in a merger. The two institutions had declared on Sunday, “the result of open discussions about a possible merger.” The exploratory talks would take “a while”, according to Deutsche Bank. A guarantee that there would be a transaction, not give it.
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highly controversial, but politically wanted, The dream of the super Bank
Carla Neuhaus
Finance Minister Olaf Scholz (SPD) had complained in the past years, local banks have more regulation, the “size and overall approach” that is necessary, in order to accompany companies in their stores worldwide. The head of the Munich-based Ifo Institute, Clemens Fuest, warned, however, in the “New Osnabrücker Zeitung”, the policy should “keep out”. It is important for the possible merger, to develop a meaningful business model, and “to observe a strict synergies”. A new Bank should be particularly solid. (AFP)
