After nearly six weeks of talks, Germany’s two largest banks announced that their high-level negotiations about a tie-up had ended, confirming an earlier Reuters’ report and raising questions about the future of the Frankfurt-based rivals. The announcement followed a final in-person meeting early on Thursday between Deutsche Bank Chief Executive Christian Sewing and his Commerzbank counterpart Martin Zielke, two people said. While the talks are over, investors doubt either bank can go it alone for long given their low levels of profitability. Shares in Commerzbank were 2.1% lower at 1005 GMT while Deutsche Bank’s were up 3.6%. “Deutsche Bank will continue to review all alternatives,” Germany’s largest bank said.

Source: The Express Tribune April 25, 2019 15:11 UTC