A merger of Deutsche Bank and Commerzbank could put 20,000 jobs at risk, the hea...
FILE PHOTO: Banners of Deutsche Bank and Commerzbank are pictured in front of the German share price index, DAX board, at the stock exchange in Frankfurt, Germany, September 30, 2016. REUTERS/Kai Pfaffenbach/File Photo
FRANKFURT - A merger of Deutsche Bank and Commerzbank could put 20,000 jobs at risk, the head of labor union Verdi said in a media interview on Monday, a day after the two banks confirmed they were discussing the possibility. “Some 20,000 or more positions could come under fire,” Frank Bsirske, chief of Verdi and a supervisory board member at Deutsche Bank, told German newspapers Stuttgarter Zeitung and Stuttgarter Nachrichten.He said the two lenders were not a good fit for each other, while a crossover in an international direction would make more sense for them.
Merging the German banks’ operations would create overlap in retail and business customer segments, leading to problematic conditions from the workers’ point of view, he added.Reporting by Vera Eckert, Editing by Clarence Fernandez
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Deutsche Bank and Commerzbank shares rally on merger talkShares of Deutsche Bank and Commerzbank surged Monday after reports that the two have agreed to hold merger talks.
Weiterlesen »
Deutsche Bank set to announce merger talks with Commerzbank: sourceDeutsche Bank was set on Sunday to confirm merger talks with fellow German lende...
Weiterlesen »
Deutsche Bank and Commerzbank Plan to Announce Formal Merger TalksDeutsche Bank and German rival Commerzbank plan to announce formal merger talks. The planned announcement signals that discussions between the two banks that already had started informally are entering a new phase.
Weiterlesen »
Deutsche Bank and Commerzbank Enter Formal Merger TalksDeutsche Bank and German rival Commerzbank announce formal merger talks. The planned announcement signals that discussions between the two banks that already had started informally are entering a new phase.
Weiterlesen »
Deutsche Bank and Commerzbank go public on merger talksDeutsche Bank and Commerzbank on Sunday confirmed they were in talks to possibly...
Weiterlesen »
Deutsche Bank and Commerzbank go public on merger talksDeutsche Bank and Commerzbank on Sunday confirmed they were in talks to possibly merge, an indication that efforts to combine Germany's two largest lenders are gaining pace.
Weiterlesen »
Deutsche Bank starts merger talks with CommerzbankGermany's two biggest banks are discussing a merger that could result in a national powerhouse capable of competing with Wall Street.
Weiterlesen »
Explainer: Why Germany wants a merger to underpin Deutsche BankDeutsche Bank and Commerzbank confirmed on Sunday they were in talks about a mer...
Weiterlesen »
Merger speculation boosts shares in Deutsche and CommerzbankShares in Deutsche Bank and Commerzbank traded higher on Monday as German busine...
Weiterlesen »
Deutsche Bank, Investors Bank subpoenaed for Trump Organization records by New York attorney generalMichael Cohen told Congress that Donald Trump inflated his assets to improve his odds of buying the National Football League's Buffalo Bills, a gambit that eventually failed. Late Monday night, the office of New York Attorney General Letitia James subpoenaed Deutsche Bank and Investors Bank for
Weiterlesen »