Shares of Deutsche Bank slumped nearly 3 percent Thursday after a report said the embattled-German lender is gearing up for a potential merger with rival Commerzbank by mid-2019.
The report, from Bloomberg citing anonymous sources, noted the deal is being brokered by the German government and would happen if efforts to restructure the bank fell short of targets.
A spokesperson for Deutsche Bank declined to comment on the report when contacted by CNBC.
Deutsche Bank is set to report its fourth-quarter results on Friday. In the past few years, the bank has made headlines for all the wrong reasons — from settlements with the U.S. Department of Justice, to management reshuffles, weak earnings, constant restructuring, merger speculation and steep stock price falls.