Deutsche Bank at a meeting in September discussed two options for a potential merger with both Commerzbank and the Swiss bank UBS, seeking to examine the possible impact of the deal with UBS, Handelsblatt wrote, citing sources familiar with the situation. The newspaper reported that a successful addition to UBS in investment banking and capital management makes a deal with a Swiss lender more profitable than with the Commerzbank. In the event of a merger with Commerzbank, the activities of banks will overlap in many areas, which will lead to an increase in restructuring costs. Handelsblatt also reported that at the September meeting in Deutsche Bank it was stressed that in the near future no merger was planned.
The Bank of England will announce next week how quickly it expects the economy to recover from the coronavirus pandemic, but it is unlikely to add to the 100 billion pounds of the fiscal package it released in June. Britain’s economy ...
The Securities and Exchange Commission (SEC) announced on Monday that UBS Financial Services Inc. (UBSG) would pay more than $10 Million to resolve charges regarding certain municipal bond offerings. UBS has agreed to pay the fine after SEC ...
Major Japanese banks saw record demand for the corporate loans that were offered since April as the COVID-19 pandemic continues to have companies rushing in to build up cash reserves, according to a central bank survey on Friday. The figures ...
The French economy is emerging from the inactivity brought by the coronavirus outbreak as fast or faster than what was predicted a month earlier, Bank of France Governor Francois Villeroy de Galhau said on Sunday. Last month, the Bank of France ...
Tesla Inc will be manufacturing mobile molecule printers in an attempt to aid Germany’s biotech firm CureVac in developing a potential COVID-19 vaccine, according to a tweet by the electric-car maker’s CEO Elon Musk on Wednesday. CureVac ...