FRANKFURT (Reuters) – Merger talks between Germany’s top two lenders, Deutsche Bank and Commerzbank, are expected to end in failure, a person with knowledge of the matter said on Thursday.
No final decision has been taken, the person added.
The banks declined to comment.
Shares in Commerzbank traded 1.6 percent lower at 0715, while share in Deutsche Bank were down 0.8 percent.
Deutsche - Bank - Update - Status - Talks
Deutsche Bank is expected to provide an update on the status of talks, now in their sixth week, by Friday at the latest, another official said.
The inability to craft a deal will increase pressure on Deutsche Bank to make more radical changes, such as cuts to its U.S....
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