Deutsche Bank Analyzing Deals With Commerzbank, ABN Amro, Others

Deutsche Bank AG has recently stepped up internal deliberations about the possibility of takeovers involving European lenders including Commerzbank AG and ABN Amro Bank NV, as CEO Christian Sewing explores ways to boost his lender’s valuation.

Scenarios that Sewing has discussed over the past months have revolved around a handful of European banks with its German rival and the Dutch lender among the targets deemed attractive, people familiar with the matter said. The informal discussions with potential advisers about possible combinations come as Germany’s biggest bank looks to bulk up and reap synergies.