Bloomberg: Merkel’s Government Slammed Over Deutsche Bank Deal

• Shutterstock

Bloomberg: Merkel’s Government Slammed Over Deutsche Bank Deal

"Chancellor Angela Merkel’s government is facing a growing barrage of public criticism over a push to combine Deutsche Bank AG and Commerzbank AG, threatening to unsettle Germany’s mainstream parties just weeks before European Parliament elections.

Opposition is swelling over potential job losses and financial risks following Sunday’s announcement that the country’s two biggest listed lenders will hold merger talks. The main barbs were directed at Finance Minister Olaf Scholz after he and his deputy, Joerg Kukies -- a former Goldman Sachs banker -- spent months promoting a deal behind the scenes.