Deutsche Bank Working Hard To Prepare For M&A Wave, CFO Says

FRANKFURT: Deutsche Bank’s finance chief said on Tuesday that the German lender was working hard to prepare for an expected wave of mergers and acquisitions in the banking sector.

Chief Financial Officer James von Moltke was speaking at a financial conference as speculation heats up about potential cross-boarder mergers.


“For Deutsche Bank, we’ve been very focused on executing on our own strategy, and we think that strategy would prepare us to engage in merger activity when the time comes and the right opportunities arise,” von Moltke said.

“So we are expecting this wave but we are also working hard to prepare on our side,” he said.

Deutsche Bank called off merger talks with domestic rival Commerzbank last year. Von Moltke said domestic mergers “frankly present some challenges”.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Speak Your Mind

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get in Touch

350FansLike
100FollowersFollow
281FollowersFollow
150FollowersFollow

Recommend for You

Oh hi there 👋
It’s nice to meet you.

Subscribe and receive our weekly newsletter packed with awesome articles that really matters to you!

We don’t spam! Read our privacy policy for more info.

You might also like

Zoom Has a Big Problem. A Stanford Professor Just...

Who here is sick of Zoom?It's not Zoom's fault, of course. Who can really...

Ferrari Stock Races Ahead Despite Coronavirus Recession, As Demand...

The stock has jumped 13% in the last week....

Target is set to report earnings before the bell....

People exit Target store in Midtown Manhattan on August 19, 2020 in New York.Eduardo...

How To Pair Beef Jerky With Beer And Wine

JOHANNESBURG, SOUTH AFRICA - JUNE 22: Beef Biltongs hang...