Photo: ReutersFrankfurt: Threatened with a multi-billion-dollar fine from US regulators, Deutsche Bank’s management is rethinking elements of its year-old strategic overhaul that has made faltering progress, people familiar with the matter said. “The reorientation of Deutsche Bank is without doubt a massive task and will take a lot of time,” said Pascal Boeuf at Woodman Asset Management. Also read: Is Deutsche Bank the proverbial trigger for the next financial crisis ? Investors have urged Deutsche Bank to merge with a European peer, such as Commerzbank or a large French or Spanish bank, people close to the matter said. Prompted by shareholder requests, executives from Deutsche Bank and Commerzbank held merger talks in August.

Source: Mint October 10, 2016 16:52 UTC