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Cerberus holds 3 percent of Deutsche Bank shares and 5 percent of Commerzbank shares, and was previously opposed to a merger, German newspaper Handelsblatt reported on Tuesday. The buyout firm believes there is still room in Germany for two big banks but that it is an open question whether both can turn around their businesses on their own, the person said. Cerberus hasn’t yet decided on the need for a merger, the person added. Deutsche Bank and Commerzbank declined to comment. Cerberus representatives in New York didn’t immediately respond to requests for comment outside of normal business hours.

Based on Tuesday’s closing brown university sterling silver cufflinks prices, a combination of Deutsche Bank and Commerzbank would have an equity market value of almost 25 billion euros ($28 billion), Deutsche Bank has more than 20 million personal and business customers, and Commerzbank around 18 million, Cerberus is among the largest shareholders in both banks after buying stakes in 2017, Since its purchase, shares in Deutsche Bank have fallen 51 percent, while those of Commerzbank have lost 39 percent of their value, Early afternoon in Frankfurt, Deutsche Bank shares were flat, while Commerzbank was up 1.2 percent..

Cerberus is the second-largest investor in Commerzbank after the German government, which holds a stake of more than 15 percent after a state bailout. Finance Minister Scholz’s team has met frequently with executives of Deutsche Bank, Commerzbank and major shareholders, including Cerberus. A merger between the two banks has appeared more likely since last month when two people with the knowledge of the matter said time was running out for Deutsche Bank to turn itself around on its own. But some major shareholders see no need for a deal.

“We do think there’s merit in patience,” a brown university sterling silver cufflinks person familiar with the thinking of one top-10 Deutsche Bank shareholder said on Wednesday, “We are not in the camp of people that say both Commerzbank and Deutsche wouldn’t be able to survive on their own.”, Both banks are in the process of restructuring, and executives at both lenders say privately they would prefer to remain independent to carry out those plans, Deutsche Bank Chief Executive Officer Christian Sewing, who took the helm last year in a sudden management shake-up, has repeatedly said in public that he is focused on the bank’s “homework” - returning the bank to profitability..

He announced job cuts last year and moved to slim down the sprawling investment bank division. The bank posted a profit in 2018 for the first time in four years. Deutsche Bank’s biggest shortcoming is its weakness in its home market, which is different from a Barclays in Britain or a Bank of America in the United States, said Fitch analyst Christian Scarafia. But a merger with Commerzbank wouldn’t necessarily solve Deutsche Bank’s problems. “Any merger of that size would probably give rise to quite a bit of execution risk in the integration,” Scarafia said.

LONDON (Reuters) - Standard Chartered is targeting more trade-focused business from Chinese companies by hiring around 15 bankers worldwide, a source familiar with the plans told Reuters, The move forms part of brown university sterling silver cufflinks a broader StanChart strategy announced on Tuesday to boost profits in its corporate and institutional banking division by focusing on its network of 63 countries, mainly in Asia, Africa and the Middle East, The London-based bank is pursuing the plan despite trade tensions between the United States and China and the new Chinese-speaking hires will be based in countries including Thailand, India, Sri Lanka, Nigeria, Uganda and the United Arab Emirates, the source said on Wednesday..

They will work in StanChart’s Global Subsidiaries team to bank Chinese companies with business in those markets. StanChart Chief Executive Bill Winters said a network was vital to financing trade and investment between regions, after analysts questioned why it remains in markets such as Indonesia and Korea where returns have been weak for years. Around 20 of its 63 markets are delivering substandard returns, Winters said, but maintaining a presence in them is worthwhile for the ability to help global companies expand, invest and trade in those countries.

The corporate banking unit added more than 6,400 customers last year and ‘network’ income from firms operating outside their home market grew to 70 percent of the investment banking division’s total income, head brown university sterling silver cufflinks of that division Simon Cooper told staff in a memo seen by Reuters, The bank’s emerging markets and trade-focused business model has been hit hard in recent years by rising Sino-U.S, trade tensions and slowing growth in Asia, Africa and the Middle East, but Cooper said the bank will keep pursuing its strategy..



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