Commerzbank reported on a decision taken jointly with Deutsche Bank to terminate negotiations on merging the operations of two German financial institutions, as their specialists, after careful analysis, concluded that “the merger does not meet the interests of shareholders of any bank, as well as other interested parties.” The CEO of Commerzbank, Martin Zielke, stated that there was no certainty that the new bank, formed as a result of the merger, would be able to generate higher and stable profits for shareholders. Commerzbank can now consider proposals from other European banks to merge with it. And the management of Deutsche Bank will have to develop a new reorganization plan, which will contribute to the growth of shareholders' profits and incomes.
S&P and Nasdaq close on record gains amid hopes on new China stimulus19.02.2020
Thailand GDP growth lower than forecast, says central bank19.02.2020
EU to propose plans to boost European firms and compete with U.S. tech giants18.02.2020
Hang Seng and Nikkei underperform after Apple’s revenue warning