BayernLB and WestLB in merger talks

Discussion in 'Wall St. News' started by ASusilovic, Sep 21, 2010.

  1. Two of Germany’s biggest public sector banks are discussing a merger that would mark a breakthrough in long-standing attempts to consolidate the troubled Landesbanken sector.

    BayernLB and WestLB said on Monday that they would assess this year whether to join forces to create Germany’s third-biggest bank by assets.

    http://www.ft.com/cms/s/0/4cb3aba8-c4bf-11df-bc11-00144feab49a.html

    Hopefully, there is finally some consolidation in the Landesbanken sector !
     
  2. Yes, consolidation in the Landesbanken sector is what we have all been waiting for.

    I for one have been unable to sleep these last few months due to this uncertainty in the Landesbanken sector.
     
  3. :D