The persons claimed that the German bank’s current considerations are internal and that it hasn’t yet presented any specific recommendations to the Swiss lender.According to the sources, Deutsche Bank’s discussions are part of a bigger effort to evaluate the potential effects of the Credit Suisse crisis. Bigger rival UBS is considering buying.
Source: Bloomberg Given the German company’s desire to grow in those areas, the asset management and wealth divisions of Credit Suisse may be of interest. As the Swiss bank prepared a significant strategy update that it unveiled in late October, it had already evaluated such operations, according to Bloomberg. After the Swiss lender announced the revamp, the project had been put on hold, but subsequent reports from those familiar with the matter suggested that it might be revived if new resources become available.
Source: Bloomberg Television After terminating negotiations on a proposed merger with German rival Commerzbank AG, Chief Executive Officer of Deutsche Bank Christian Sewing has stated that the company wants to take the lead in consolidation when it inevitably occurs.
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