What’s going on with Deutsche Bank? The German government, usually against any form of interventionism, is pushing toward a merger between this banking behemoth and the country’s second largest bank, Commerzbank, according to Focus economic magazine. The Ministry of Finance is looking at acquiring a stake in the capital of Deutsche Bank in order to connect both banks by exchanging shares – the State is already the major shareholder of Commerzbank, with 15% of its capital. The goal would be for Europe’s first economy to have at least one banking institution capable of sustaining its international businesses (Bloomberg). Does it all mean the situation is this serious? Businesses from one of the planet’s largest exporting countries could lose access to the international financial markets? Deutsche Bank isn’t going well – its shares have lost 50% of their value since the start of the year – but Commerzbank isn’t faring any better, since its shares have lost 46% over the sam...
from GoldBroker.com https://www.goldbroker.com/news/whats-up-with-deutsche-bank-1450
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