Deutsche Bank and Commerzbank merger talks officially confirmed

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Deutsche Bank and Commerzbank have confirmed that they are in talks about a potential merger. The merger, that would create the third largest bank in Europe, is supported by the German government who holds a 15% stake in Commerzbank. Analysts are sceptical of whether the merger would create the expected value and warn that tens of thousands of jobs are at risk.

Reuters, Andreas Framke and Tom Sims, March 19th 2019