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Deutsche, Commerzbank talks private commercial decision: SPD leader

8 hours ago DieselGasoil Comments Off on Deutsche, Commerzbank talks private commercial decision: SPD leader
FILE PHOTO: German Social Democratic Party (SPD) leader Andrea Nahles delivers a statement in Berlin, Germany, October 29, 2018. REUTERS/Hannibal Hanschke BERLIN (Reuters) – Merger talks between Deutsche Bank and its smaller rival Commerzbank are a private commercial decision, the leader of the German centre-left SPD party, Andrea Nahles, said on Monday. (This story corrects Read More

Deutsche Bank merger talks with Commerzbank raise job fears, lift shares

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BERLIN/FRANKFURT (Reuters) – Deutsche Bank and Commerzbank faced concerns from workers unions, Chancellor Angela Merkel’s office and top shareholders on Monday after confirming merger talks. Combining Germany’s two largest banks could result in 30,000 job losses, a union warned, prompting Merkel’s chief of staff to say the government was scrutinizing the issue. The concerns underline Read More

Government is examining jobs at stake if Deutsche, Commerzbank merge: Merkel's chief of staff

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FILE PHOTO – Pedestrians are reflected in a window as they walk in front of the headquarters of Deutsche Bank AG in Frankfurt September 5, 2011. REUTERS/Alex Domanski/File Photo BERLIN (Reuters) – Chancellor Angela Merkel’s chief of staff said the government was looking into the issue of job cuts, after a workers’ union said that Read More

Deutsche, Commerzbank merger would put 30,000 jobs at risk: union

17 hours ago DieselGasoil Comments Off on Deutsche, Commerzbank merger would put 30,000 jobs at risk: union
BERLIN/FRANKFURT (Reuters) – A merger of Deutsche Bank and its rival Commerzbank could result in as many as 30,000 job cuts over the long term, a representative of German union Verdi who is a Deutsche supervisory board member told n-tv broadcaster. FILE PHOTO: Banners of Deutsche Bank and Commerzbank are pictured in front of the Read More

Shares in Deutsche Bank, Commerzbank up after merger talks confirmed

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BERLIN (Reuters) – Shares in Deutsche Bank and its smaller German peer Commerzbank were indicated to open higher on Monday after the two lenders on Sunday confirmed merger talks. Deutsche Bank shares were up 3.5 percent in premarket trade at Lang & Schwarz at 0656 GMT while Commerzbank rose 5.4 percent. Reporting by Thomas Seythal; Read More

Deutsche Bank and Commerzbank go public on merger talks

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FRANKFURT (Reuters) – Deutsche Bank and Commerzbank on Sunday confirmed they were in talks to possibly merge, an indication that efforts to combine Germany’s two largest lenders are gaining pace. FILE PHOTO: Banners of Deutsche Bank and Commerzbank are pictured in front of the German share price index, DAX board, at the stock exchange in Read More

Deutsche Bank set to go public on Commerzbank merger talks

2 days ago DieselGasoil Comments Off on Deutsche Bank set to go public on Commerzbank merger talks
FRANKFURT (Reuters) – Deutsche Bank was set on Sunday to confirm merger talks with Commerzbank, according to a person with knowledge of the matter, an indication that efforts to combine Germany’s two largest lenders are gaining pace. FILE PHOTO: Banners of Deutsche Bank and Commerzbank are pictured in front of the German share price index, Read More

BMW, Varta apply for funds in battery cell push for e-cars

3 days ago DieselGasoil Comments Off on BMW, Varta apply for funds in battery cell push for e-cars
HAMBURG/BERLIN (Reuters) – Luxury carmaker BMW and Germany’s Varta have both applied for state funding aimed at supporting battery cell production for electric vehicles, they said on Friday, hitting a deadline set by the German government. FILE PHOTO: The BMW logo is seen on the second press day of the Paris auto show, in Paris, Read More

US imposes fresh sanctions on Russia over Kerch Strait standoff

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Washington has slapped a fresh batch of sanctions on Russia over “unjustified” actions during a maritime incident last November in the Kerch Strait near Crimea when three Ukrainian boats went into Russia’s territorial waters. The US Treasury Department included six people and eight entities in its Friday update of “Ukraine and Russia-related Designations.” The deputy Read More

Polar bear cub makes Berlin zoo debut

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BERLIN (Reuters) – A polar bear cub took its first hesitant steps outside its enclosure at the Tierpark Berlin zoo on Friday, stumbling awkwardly into a rock-lined pool under the watchful gaze of her mother, nine-year-old Tonja. The bear was born on December 1 but has spent three and a half months living in darkness Read More