Deutsche Bank Lures Commerzbank Clients Worried About Deal Risk

Clients of Germany’s Commerzbank AG are looking increasingly to its main domestic competitor to secure funding amid the uncertainty over a potential takeover by UniCredit SpA, a senior executive at Deutsche Bank AG said.

In individual cases, Deutsche Bank has already won business with Commerzbank clients and it is separately engaged in numerous dialogues which should eventually lead to new client relationships, Corporate Bank Germany & Europe head Jan-Philipp Gillmann said at an event in Frankfurt.