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Deutsche Bank and Commerzbank May Become EU’s “Too Big To Fail” Bank

Summary:
Germany Makes Its Big Bank Problem Even Bigger EU and ECB Need To Be Ready For The Consequences If This Doesn’t End Well by Bloomberg Editorial Board Germany has come up with a solution to the deep troubles at one of the world’s largest banks: make it part of an even bigger one. The people who oversee Europe’s financial system had better be ready for the consequences if this doesn’t end well. The Frankfurt-based Deutsche Bank is in talks to merge with crosstown rival Commerzbank — a move that Germany’s finance ministry has favored for months. The result would be a behemoth with assets of about 1.8 trillion euros, equivalent to more than half of Germany’s annual economic output; the merged bank would be Europe’s third biggest after the U.K.’s HSBC and France’s BNP

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Germany Makes Its Big Bank Problem Even Bigger

EU and ECB Need To Be Ready For The Consequences If This Doesn’t End Well

by Bloomberg Editorial Board

Deutsche Bank and Commerzbank May Become EU’s “Too Big To Fail” Bank

Germany has come up with a solution to the deep troubles at one of the world’s largest banks: make it part of an even bigger one.

The people who oversee Europe’s financial system had better be ready for the consequences if this doesn’t end well.

The Frankfurt-based Deutsche Bank is in talks to merge with crosstown rival Commerzbank — a move that Germany’s finance ministry has favored for months. The result would be a behemoth with assets of about 1.8 trillion euros, equivalent to more than half of Germany’s annual economic output; the merged bank would be Europe’s third biggest after the U.K.’s HSBC and France’s BNP Paribas.

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