Deutsche Bank CEO Downplays Acquisitions Amid Commerzbank Merger Speculation
TL;DR Summary
Deutsche Bank CEO Christian Sewing stated that mergers and acquisitions are not a priority for the bank at the moment, dampening rumors of a potential tie-up with Commerzbank. Sewing emphasized the importance of regulatory preconditions and fair value gaps in the banking industry, and highlighted the focus on the bank's own business. While acknowledging the inevitability of a recession in Germany, Sewing urged leaders to accelerate the country's decoupling from China.
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