off-the-wire

Commerzbank CEO pours cold water on possible Deutsche Bank deal

Kitco Media
By Reuters
Published:
Updated:
Reuters

BERLIN, Jan 23 (Reuters) - Commerzbank (CBKG.DE), opens new tab Chief Executive Manfred Knof on Tuesday played down prospects of a possible merger with larger rival Deutsche Bank (DBKGn.DE), opens new tab, saying such a tie-up was not under discussion at his bank and he was striving to keep the bank independent.

The comments come amid heightened speculation that merger talks with Deutsche - which failed in 2019 - could once again come to the fore.

"So I think this is always a topic more for journalists and the media - but not for us," he told Reuters when asked about a possible tie-up with Deutsche on the sidelines of a conference organized by Die Welt.

Reporting by Klaus Lauer, Writing by Tom Sims, Editing by Victoria Waldersee and Tomasz Janowski

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