Global Solutions Summit 2019: Angela Merkel will not intervene in a merger between Deutsche Bank and Commerzbank.
Excerpt from the Article
(...) Chancellor Angela Merkel says the German government shouldn't get involved in exploratory talks between Deutsche Bank and Commerzbank on a possible merger.
Deutsche Bank, Germany's biggest bank, and Commerzbank announced Sunday they would discuss a possible combination. Media have reported that Merkel's finance minister and vice chancellor, Olaf Scholz, favors a deal, which would bring together two lenders that have been troubled over recent years. Many analysts are skeptical.
Merkel said Tuesday: "I think such things are private business decisions, and would argue very much for the government not intervening with a vote."