German Bank thinks carefully about the Commerzbank (Google Trasnlation)
The considerations were theoretically and therefore in a very early stage. Whether they are resumed, is unclear. Currently the idea is given internally only a very small chance of being implemented.
Nevertheless, the considerations are a testament to the uncertainty of the Bank. After the new board had decided under CEO John Cryan last year, on the model of a universal bank principle hold that sell mass retail bank Postbank but, the situation of the money the house has deteriorated further. The second quarter was operationally bad among customers and regulators is discussed constantly over an alleged capital weakness of the bank - the market value crashed by about half to about 17 billion euros.
Internally, a debate is therefore unofficially broke out which way the German Bank to actually follow and if not, for example, even the reintegration of Postbank or more radical alternatives would be an option, as manager magazin already in its August issue reported.
That now has even thought timid about a combination with Commerzbank, shows how fundamentally the strategy question is asked. So far was the Commerzbank, holds about 15 percent of the shares in Berlin, the German bankers as not qualified for a merger. A merger would give rise to a large mass retail bank with a strong presence in the SME sector. However, Commerzbank fights like the German Bank with growth and yield problems.
The German bank has also unsettled legal risks and an outdated information technology, which is particularly important for banks. Completely uncertain is whether the financial regulators would approve a merger ever.
A spokeswoman for the bank declined to comment on the information.