Deutsche Bank and Commerzbank are officially engaged in talks. Investors are less impressed with the merger prospects for Deutsche Bank: the share price was only up 4.15%. This might be because Deutsche Bank is in very deep trouble. Currently, Deutsche Bank shares are trading at a discount of over 70% to book value, and Commerzbank’s at a 66% discount. Together, Deutsche Bank and Commerzbank have about a fifth of the German retail banking market.

Source: Forbes March 18, 2019 21:40 UTC