Commerz: Mittelstand clients didn’t want Deutsche merger

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By Jasper Cox
14 May 2019

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.

“We had some interesting conversations with clients during the merger discussions we held with Deutsche Bank,” said Reuther. “A lot of Mittelstand clients told us that they would want Commerzbank to service them and not a combined bank.”

“In particular, a lot of the Mittelstand clients, the medium sized ...

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