October 09, 2024 07:40 GMT
FINANCIALS: Deutsche Bank (DB A1/A/A-): Commerzbank Links
FINANCIALS
Not enough here to have much impact here we think, at least for now.
• According to La Repubblica, Deutsche Bank is considering hiring investment banks to advise on Commerzbank. That suggest this is early stage with no imminent action. The article doesn’t provide a source.
• The article suggests that if Unicredit/Commerzbank remains unresolved into 2026 DB may reevaluate Commerzbank following a phase of internal focus; it says Germany would like DB to act as a white knight.
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