Deutsche Bank and Commerzbank Deutsche Bank chairman Paul Achleitner is considering a merger with chief domestic rival Commerzbank (again.) Bloomberg got a great quote from Stern School of Business emeritus professor Roy Smith on that one: "It's like tying two drunks together to give them more stability." The two banks apparently did hold talks in the summer of 2016, but called them off in order to focus on their individual restructuring plans. Bloomberg
%% The hits just keep coming; its a race to the bottom with GE. NOT a prediction And that's in bull market you know .
Deutsche Bank Deutsche Bank's shares shot up by more than 6% after it said it would beat analyst estimates with net income of €400 million ($468 million) for the second quarter. Analysts were apparently only expecting net income of €159 million, and income before income taxes of €321 million—the actual figure there is around €700 million. All this is terrific news for the German bank, which has been in the doldrums for a while over less-than-well-received turnaround plans. Financial Times
Deutsche Bank Deutsche Bank and Commerzbank may merge by the middle of the year, Bloomberg is reporting. The German government has been looking at a merger of the two for a while, as neither is doing great on its own, and now Deutsche Bank's top brass are apparently bracing themselves, barring a sudden improvement in Q1. Bloomberg
%% Most of the trends are still down, but not likely they will let a big bank fail. NOT a prediction, because they were so sure+ sure were wrong , Bear Stearns+ LEH would get a good gov bailout.Most likely can find better shorts than that one.
German Banks Bloomberg's Elisa Martinuzzi has a good analysis of the mooted Deutsche Bank-Commerzbank merger, and why investors have cause for concern. From the piece: "Combining two of Europe's most inefficient banks to create an even bigger supertanker would require tens of thousands of job cuts and a risky (read costly) integration to stand a chance of working." P.S.—Deutsche Bank just recorded its first annual net profit since 2014. Bloomberg
Deutsche Bank Four of Deutsche Bank's 10 biggest shareholders want more cuts to the outfit's loss-making U.S. investment bank. This puts pressure on CEO Christian Sewing, who is not turning things around quickly enough for investors' liking—Deutsche Bank's share price has fallen by a third since he took over 10 months ago. Financial Times