Washington Post: Deutsche Bank, Commerzbank shares up despite merger concerns
A press review featuring Fabio De Masi
Mar 18th, 2019
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Washington Post: Deutsche Bank, Commerzbank shares up despite merger concerns
"Shares in Deutsche Bank and Commerzbank rose on Monday after the two said they were in merger talks, but that didn’t stop people from questioning what a merger would accomplish.
Deutsche Bank, Germany’s biggest bank, and Commerzbank announced Sunday they would discuss a possible combination. News media reports have said Germany’s finance minister, Olaf Scholz, favors a deal that would bring together two lenders that have been troubled over recent years, but unions fear that it could lead to major job losses. (...)
The deputy head of the opposition Left party delegation in the German parliament, Fabio De Masi, said that “two sick turkeys do not make an eagle.”"