More European bank mergers on way says Deutsche Bank
September 23, 2020
Deutsche Bank is preparing for a wave of mergers, its CFO James von Moltke said on Tuesday. “For Deutsche Bank, we’ve been very focused on executing on our own strategy, and we think that strategy would prepare us to engage in merger activity when the time comes and the right opportunities arise,” he said, as Deutsche Bank is closing one in five branches. There has been growing speculation about a potential deal in Switzerland in connection with UBS. The bank last had revenue of EUR 23.1bn.
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