Commerz: Mittelstand clients didn’t want Deutsche merger

Jasper Cox

May 14, 2019 02:15 pm

Deutschmerz2_PA_230x150 — 08 April 2019, North Rhine-Westphalia, Köln: The branches of Deutsche Bank (l) and Commerzbank are located next to each other. Deutsche Bank and Commerzbank are currently negotiating a possible merger. Commerzbank shares were particularly weak in the MDax, with levies of around 2 percent. Here the focus continues to be on the discussion about a merger with Deutsche Bank, whose shares in the Dax fell by 0.8 percent. Photo: Oliver Berg/dpa | Oliver Berg/DPA/PA Images

Commerzbank’s small and medium sized German corporate clients did not want to be serviced by the firm if it were merged with Deutsche Bank, according to Michael Reuther, head of the corporate clients unit at the former. His unit is now hoping to take more revenue from its existing clients, after growth in several of them in the first quarter.

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Jasper Cox