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German bank merger hopes crumble as Deutsche Bank and Commerzbank scrap talks

Updated : April 25, 2019 03:05 PM IST

After nearly six weeks of talks, Germany's two largest banks announced on Thursday that high-level negotiations about a tie-up had ended.
Shares in Commerzbank were 2.2 percent lower at 0905 GMT, while Deutsche Bank's were up 4.4 percent.
The prospect of a merger met fierce opposition from the workforce, with unions fearing 30,000 job losses and concerns of investors and regulators.
German bank merger hopes crumble as Deutsche Bank and Commerzbank scrap talks

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