Deutsche Bank mulls merger scenario with UBS

Deutsche Bank (DBKGn.DE) has looked at a theoretical scenario of merging with UBS (UBSG.S), the German business daily Handelsblatt reported on Wednesday, citing people familiar with the matter. The scenario, along with a potential merger with Commerzbank (CBKG.DE), was discussed at the bank’s strategy meeting with the supervisory board earlier this month, Handelsblatt said.

On paper, a potential merger with UBS fares better than a deal with Commerzbank as Deutsche Bank and the Swiss lender would complement each other well in the areas of investment banking and wealth management, the report said. A merger with Commerzbank, in contrast, might lead to high restructuring costs due to large overlap, the paper said.

http://www.reuters.com

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