"The reorientation of Deutsche Bank is without doubt a massive task and will take a lot of time," said Pascal Boeuf at Woodman Asset Management. Deutsche Bank is also some months later than expected in completing the sale of its stake in Chinese lender Hua Xia. The European Central Bank recently allowed the pending sale to be counted, when checking Deutsche's health. Investors have urged Deutsche Bank to merge with a European peer, such as Commerzbank or a large French or Spanish bank, people close to the matter said. Prompted by shareholder requests, executives from Deutsche Bank and Commerzbank held merger talks in August.

Source: The Edge Markets October 10, 2016 15:33 UTC