A pedestrian passes a Deutsche Bank AG bank branch in Frankfurt, Germany, on Monday, March 18, 2019. Rothschild & Co. and Goldman Sachs Group Inc. are advising Commerzbank AG on its merger talks with Deutsche Bank, according to people familiar with the matter. Photographer: Alex Kraus/Bloomberg
LESs than two weeks ago, the leaders of Deutsche Bank AG and Commerzbank AG agreed to take an unbiased look at a proposed merger. Almost every day since then, their efforts have been undermined by internal and external forces.
Egged on by the German government, Deutsche Bank chief executive officer Christian Sewing and his Commerzbank counterpart, Martin Zielke, are war-gaming the kind of cost savings and market share that would make a US$20bil-plus deal work.
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