It became known that the European Central Bank is considering a cross-border merger of Deutsche Bank, while the German authorities want to merge it with the local Commerzbank. It is reported by Bloomberg.

A cross-border deal will help stimulate integration in the region’s financial markets, the European regulator believes.

In this analysis of the merger of Deutsche Bank with Commerzbank showed that both banks are too weak to get the maximum benefit from the transaction.

Nevertheless, the German authorities would prefer to create a national giant, since both banks are key partners of exporting companies.

Rumors of a possible merger between Deutsche Bank and Commerzbank spread several years ago. The first message about the possibility of this merger appeared in 2016.

In September, it was reported that the German government supported the merger of two large banks, Commerzbank and Deutsche Bank. The authorities intend to create a powerful bank to support national exports in the event of a financial crisis, reports Bloomberg. Sources said the decision has already been made.

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