Deutsche Bank, Commerzbank go public on merger talks

Frankfurt

DEUTSCHE Bank and Commerzbank on Sunday confirmed they were in talks to possibly merge, an indication that efforts to combine Germany's two largest lenders are gaining pace.

The announcement followed meetings of the management boards of both banks, a person with knowledge of the matter said.

"In light of arising opportunities, the management board of Deutsche Bank has decided to review strategic options," Deutsche said in a statement. It said there was no certainty of a deal and that the board was "focused on improving the growth profile and profitability of the bank".…