Heterodox
The official story is one of creating a national champion, a German bank large enough to compete with American investment banks. The truth is far less heroic and a lot more sordid than that. Here is why Demokratie in Europa is campaigning against this merger. Both banks are zombies. Commerzbank has gone through eight years of constant cost-cutting but still delivers profits of less than $1 per share at a time...
Read More »Why the Deutsche Bank merger with Commerzbank must be stopped – HANDELSBLATT (English & German)
