Deals
Deutsche Bank-Commerzbank Talks Set to Focus on Job Cuts, Bonds
- Cost cuts seen focusing on overlapping branches, technology
- Deutsche Bank is likely the acquirer given its relative size
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Deutsche Bank AG and Commerzbank AG are now getting down to the finer details of just how a takeover could actually work. With talks expected to last at least four weeks, there’s a mountain of thorny detail to work through.
Cost cuts -- and where to make them -- and balance sheet risks are set to take a central role, people with knowledge of the matter said, asking not to be identified because talks are private.