Deutsche Bank shares slump after reports of a possible merger with Commerzbank


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.


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