What’s Next for Deutsche Bank and Commerzbank?
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The big German banking merger is dead. Deutsche Bank AG and Commerzbank AG ended talks on a possible combination on Thursday, raising many questions for analysts about what’s next for the two lenders.
Shares of Deutsche Bank initially jumped on the news, rising as much as 4.8 percent before erasing gains to trade down 0.3 percent as of 1:15pm CET. Germany’s largest lender also pre-announced its quarterly numbers, saying it sees net income of about 200 million euros ($223 million), ahead of its official release on Friday before markets open. Commerzbank shares are down 2.4 percent.