April 25, 2019 / 9:08 AM / a month ago

Merger call-off by Deutsche, Commerzbank 'private sector decision': minister

FILE PHOTO: German Labour Minister Hubertus Heil attends the weekly cabinet meeting in Berlin, Germany, December 19, 2018. REUTERS/Fabrizio Bensch

BERLIN (Reuters) - Germany’s Labour Minister Hubertus Heil acknowledged the announcement of the country’s two biggest banks, Deutsche Bank and Commerzbank to discontinue end talks to merge as a “private sector decision of two companies”, he said on Thursday.

Deutsche Bank and Commerzbank have ended talks to merge with no deal, the banks said on Thursday.

Reporting by Holger Hansen; Writing by Tassilo Hummel; Editing by Riham Alkousaa

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below