Deutsche Bank at a meeting in September discussed two options for a potential merger with both Commerzbank and the Swiss bank UBS, seeking to examine the possible impact of the deal with UBS, Handelsblatt wrote, citing sources familiar with the situation. The newspaper reported that a successful addition to UBS in investment banking and capital management makes a deal with a Swiss lender more profitable than with the Commerzbank. In the event of a merger with Commerzbank, the activities of banks will overlap in many areas, which will lead to an increase in restructuring costs. Handelsblatt also reported that at the September meeting in Deutsche Bank it was stressed that in the near future no merger was planned.
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