Deals
Bonds Signal Deutsche Bank-Commerzbank Tie Up Looks Less Likely
This article is for subscribers only.
A merger between Deutsche Bank AG and Commerzbank AG is far from certain, if credit markets are to be believed.
The cost of insuring the debt of Germany’s two largest private-sector lenders against default is diverging and currently stands at the furthest apart in around two months, according to data compiled by Bloomberg. That means investors are not convinced they can be treated as a single entity in terms of risk.