RBS and Deutsche Bank held talks about combining their businesses earlier this year, including discussions in mid-June about an investment banking alliance, the Wall Street Journal reported on Sunday, August 25.
A deal could not be reached as the two lenders were not able to sort out issues including structuring and allocating capital, the newspaper reported, citing people familiar with the talks.
Inside Deutsche Bank, a tie-up was seen as a way to save Germany’s biggest bank from the cuts now in motion, the people said. The banks discussed a full-blown merger earlier in the year, a move that would have created a European banking behemoth more able to compete with Wall Street’s most dominant players, such as JPMorgan Chase and Goldman Sachs.
Full Content: Wall Street Journal
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