Deutsche Bank explored merger with Commerzbank: report


Deutsche Bank AG DBK, +1.28% DB, +1.43% has explored a possible merger with rival German lender Commerzbank AG CBK, +0.39% Manager Magazin reported on Wednesday, without citing any sources. The German magazine said the merger talks were only theoretical and at a very early stage. It was unclear whether the discussions will be resumed. The publication also said the bank was considering other options to bolster profitability, including a possible reintegration of its Postbank branches that were put up for sale. Deutsche Bank has recently struggled to stay profitable, reporting a 98% slide in profits in the second quarter, hurt by a weak performance in its trading and investment banking units.

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