BREAKING NEWS

BREAKING NEWS

Germany's BDI - Important for industry to have a high-performing German bank

Germany's BDI - Important for industry to have a high-performing German bank
@ Copyright :
Kai Pfaffenbach(Reuters)
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BERLIN (Reuters) - Germany's BDI industry association said on Thursday that it was important for industry to have a high-performing international German bank, adding it was up to Deutsche Bank <DBKGn.DE> and Commerzbank <CBKG.DE> to decide whether or not they merge.

"This is a decision that the companies have to make", BDI President Dieter Kempf told a news conference.

European bank regulators do not think Germany's two largest banks, Deutsche and Commerzbank, should merge, a source with direct knowledge of the matter said.

(Reporting by Kalus Lauer; Writing by Tassilo Hummel; Editing by Michelle Martin)

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