Confirming weeks of speculation, on Sunday the senior management of Deutsche Bank and Commerzbank announced they have begun exploratory merger talks after the executive boards of Germany’s two largest listed lenders agreed to evaluate the benefits of a tie-up. The decision to start formal talks was taken by the boards on Sunday after the German government signaled over the weekend that it would support the restructuring needed to make a success of the tie-up.
“We confirm that we are engaging
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