Cryan Shoots Down Merger Report as Deutsche Bank Shrinks

Updated on
  • Manager Magazin reports considerations for Commerzbank merger
  • Cryan says he’s looking to make the bank “a bit smaller”

Deutsche Bank CEO Focuses on Shrinking, Not Consolidating

Deutsche Bank AG Chief Executive Officer John Cryan, responding to a report that the lender considered a merger with Commerzbank AG, said he’s not looking for a tie-up and is instead trying to shrink the company.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.