Deutsche Bank and rival Commerzbank remain far apart on a deal to merge as the lenders grapple with pushback from investors and unions
Merger talks between Deutsche Bank AG and Commerzbank AG have gotten bogged down over questions ranging from a lack of investor support to opposition from powerful labor unions, according to people familiar with the matter.
The banks as of Wednesday evening had no plans to disclose by Friday—the day Deutsche Bank is scheduled to report earnings—intentions to merge, as some had once expected. The two sides remained far from agreement on a deal, the people said.
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