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Germany forces a marriage that may not work



  A picture taken on 17 March 2019 shows the headquarters of the German banks Deutsche Bank (L) and Commerzbank in Frankfurt am Main, West Germany

FRANK RUMPENHORST | DPA |

A picture taken on 17 March 2019 shows Deutsche Bank (L) and Commerzbank Deutsche Bank (Germany), headquarters in Frankfurt am Main, West Germany. ($ 2.25 trillion) and a market capitalization of nearly € 50 billion, compared to Commerzbank's relatively modest assets of € 270 billion and a market capitalization of € 17 billion. Over the past ten years, the gap has fallen.

Deutsche Bank has lost 600 billion euros of its assets and declined by more than 60 percent in terms of market capitalization. Commerzbank, on the other hand, has earned some 100 billion pounds or around it in its total assets, but has lost half of its market capitalization.

But any connection is likely to be seen as a shame for such as John Caryan, former CEO of Deutsche Bank, Christian Schöning, the current head of the bank, and Peter. Altmayer, the German Minister of Economy. All three of them confirm their belief in Deutsche Bank's strategy and its position as one of the strongest banks in Europe. increase its profitability over the next 18 months. Nothing knew he would be pressed into merger talks before the end of this 18-month period. a financial hole because it will lead to a revaluation of creditors' assets and a risk of cutting 30,000 jobs.

The merger, if it happens, will be built with certain warnings. The German government still holds about 15% of Commerzbank, and the merger would mean a stronger government opinion on the bank's transactions. This may also mean that banks can be put under pressure to be more likely to take risks in their dealings with ten years ago.


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