Commerzbank, the Germany investment bank which had been referred to by US buyout fund Cerebus as a potential merger candidate with the giant Deutsche Bank, is alas not likely to be engaging the proposition. Stating to the German Federal banking authorities recently that the buyout fund was not interested in such a merger, the talk of such a matchup is no longer on the table. The buyout fund has holdings in both banking institutions. Commerzbank UP.
GBP strengthens against CHF
Daily Analysis - 11/01/2018