Deutsche Bank rules out merger (translated)
02 JAN 2017
Deutsche Bank (DB) has ruled out a merger, Frankfurter Allgemeine Sonntagszeitung reported. In an interview the German weekly asked DB Chairman Paul Achleitner why he does not merge DB with Unicredito or another financial group. Achleitner said that the management board in principle looks at everything that could help the business, but added that he has little desire for a pan-European merger at the moment as he has other priorities. Achleitner said he is working towards becoming a less-complex, more efficient and most of all, a more customer friendly bank.
Regarding state aid for banks, Achleitner said no-one in Germany needs to worry about saving banks.