Markets Want Deutsche Bank AG (USA) (DB) and Commerzbank Merger

A Deutsche Bank logo adorns a wall at the company's headquarters in Frankfurt

Deutsche Bank and Commerzbank executives held talks on a potential merger of Germany's two biggest banks earlier this month before ultimately rejecting the idea, Reuters reported on August 31, citing a source familiar with the matter.

Other than Brexit, Cryan also talked of the need for more mergers in the banking sector across Europe, banks needing to embrace technology and why governments must take a quality over quantity approach to regulation.

A spokesman for Deutsche Bank in Frankfurt declined to comment on the WSJ report.

Analysts have argued that Deutsche would be advised to find a partner once it has stabilized its business.

Deutsche Bank's boss has today given his backing to London as a financial hub, even though he thinks it might end up looking different to what we know now.

Their combined market value of around €26bn is less than half of France's BNP Paribas for example.

Shares in Deutsche Bank finished the session 2.44% higher at €13.19.

Both lenders were shown to be weaker than most peers in European stress tests last month.

Dog overboard in Mich., swims miles to reunion
Coast Guard in Frankfort joined the search. "Edward said he immediately made a "'mayday dog overboard' call over the radio". Firefighters rescue cat from Southern California house fireAbout 10 minutes went by when Ed realized Riley wasn't with him.

Deutsche Bank's home market itself has too many banks that make too little money for the industry to be sustainable in Germany in its current form, Cryan said.

"We need further consolidation in banking to remain competitive internationally", he said.

German banks have nearly exclusively focused on earning money from charging a margin on the difference between short-term borrowing and long-term lending, using the revenue to subsidize retail and payments operations that were low-priced and often free for customers.

Mergers among banks could help remove capacity, increasing banks' pricing power and opening the way to healthier profits.

The head of Deutsche Bank made a rare public call on Wednesday for cross-border mergers in Europe, weeks after Germany's flagship lender scraped through regional stress tests.

"The regulatory trend at the moment is moving in the direction of shrinking rather than growing banks", he said.

MILAN, Aug 31 European shares edged lower on Wednesday, weighed down by losses among miners and energy stocks, but banks extended recent gains amid talk of possible tie-ups in the battered sector.

Related news:

Hot News

isis-killer-beheading-video-story-top Pope seeks to add green agenda to works of mercy
Sep 02, 2016 - 00:35
Officials say the proposal is the logical extension of Francis' landmark and controversial ecological encyclical issued a year ago .

Endwell, New York, wins Little League World Series
Sep 01, 2016 - 06:47
Yoomin Lee hit a solo shot in the top of the fifth to tighten the score and laden added stress on the packed stadium of M-E fans. Conner Rush had the NY team's only RBI to give Endwell a lead it wouldn't relinquish in the bottom of the fourth.

Maconites celebrate National Park Service turning 100
Sep 01, 2016 - 06:40
Visitors heading to Thursday's celebration and concert at the Roosevelt Arch from the south face an hour-long detour into Idaho. But nature lovers prevailed and today it is the C&O Canal National Historical Park.

isis-killer-beheading-video-story-top Clinton keeps stay-the-course strategy on foundation, emails
Sep 01, 2016 - 06:38
When asked to elaborate on the allegation, he said Clinton's policies "are bigoted because she knows they're not going to work". At an election rally in New Hampshire Thursday night, Trump said such tricks are the oldest play in the Democratic playbook.

isis-killer-beheading-video-story-top Pullela Gopichand: The man behind success of Sindhu, Indian badminton
Sep 01, 2016 - 06:33
The Indian badminton coach, who made special efforts for Sindhu's success, also revealed some interesting facts about training. Sindhu was elated with her silver medal, after all the hard work she put through the week in her maiden Olympics.

isis-killer-beheading-video-story-top Turkey not sure if wedding party bomber a child
Aug 31, 2016 - 00:55
Prime Minister Binali Yildirim on Monday said speculation that a child was responsible was based on rumors from witnesses. The bombing in Gaziantep killed at least 54 people, according to local officials, and injured at least 66 more.

Police waiting at Chris Brown's home after woman seeks help
Aug 31, 2016 - 00:52
The LA Times reports officers made an attempt to enter Brown's house but were turned away and told to obtain a search warrant. According to TMZ .com, police retrieved a duffel bag allegedly thrown from a window and found weapons and drugs inside.

isis-killer-beheading-video-story-top Special WB Assembly session drops plan to discuss GST Bill
Aug 31, 2016 - 00:47
Government is of the view that an early Winter Session will also be beneficial as the Budget Session is planned to be convened in the last week of January.

isis-killer-beheading-video-story-top Education MEC to probe high school following girls' outcry
Aug 30, 2016 - 01:28
The decision followed a meeting between the SGB, his office, learners and parents to discuss the issues of racism at the school. Gauteng education MEC Panyaza Lesufi came to see them and so did the freshly elected mayor of Tshwane, Solly Msimanga.

Chelsea Clinton to remain on family foundation board
Aug 30, 2016 - 01:27
State Department officials have said they are unaware of any agency actions influenced by the foundation . Still, he was unclear on what would happen to the 11 million undocumented immigrants already here.

isis-killer-beheading-video-story-top Kyle Larson notches 1st Cup win
Aug 30, 2016 - 01:25
SKID: Hendrick Motorsports is winless in 19 races after Elliott fell short, but there were some positive signs for the team. In the truck series, Moffitt was in third when the drivers crossed the start-finish line for the last lap of the race.

isis-killer-beheading-video-story-top Say what? Justin Bieber has left Instagram AGAIN
Aug 30, 2016 - 01:24
In another picture you can see her lying on her back with her legs in the air while Justin leans in to kiss her. Other fans began speculating whether Justin would delete his Twitter , just like he did with Instagram .

isis-killer-beheading-video-story-top Ben Affleck Teases DC Universe Villain Deathstroke
Aug 30, 2016 - 01:24
While the character in the video is unmistakably Deathstroke - no one else wears that armor - the video's goal is less clear. Update 11:45am ET: TheWrap has learned that Deathstroke will make his first appearance in the upcoming solo Batman film.

isis-killer-beheading-video-story-top Houthi delegation arrives in Baghdad for talks on Yemen
Aug 30, 2016 - 01:22
Speaking through a translator in the first public comments on recent surgery in the United States, he complained about his back. A number of United States politicians have also expressed concern about Washington's role in the conflict.

European Commission to Hit Apple With Billions in Back Taxes
Aug 30, 2016 - 01:20
The paper urged European officials not to rule that either had done anything improper or in violation of regulations. The Financial Times reports that the bill will be for billions of euros, making it Europe's biggest tax penalty.