Deutsche Bank and Commerzbank Engage in Merger Talks
Posted on 03/18/2019
Following months of speculation, Deutsche Bank AG and Commerzbank AG confirmed talks of a merger in one of Europe’s worst kept secrets. The merger would lead to job cuts, mostly German jobs, over redundancy. Deutsche Bank has over 91,700 employees, while Commerzbank has 49,000. Deutsche Bank has struggled to grow profits since the global financial […]
