UBS wants to take over Deutsche Bank

The big bank UBS is apparently planning a transnational banking merger. In the sights of CEO Axel Weber are Deutsche Bank, but also other European financial institutions.

UBS’s board of directors, Axel Weber, wants to buy Deutsche Bank, according to a report by the “SonntagsZeitung”. Weber plans to take over a large European bank with its new CEO Ralph Hamers, he said.

In addition to Deutsche Bank, Weber’s potential merger targets also included Britain’s Barclays. Other names that played a role in the strategy games of the chairman of the board of directors are the German Commerzbank and the British Lloyds Banking Group.

There has recently been speculation about a possible merger with Credit Suisse. The rumors proved unsustainable. But UBS is still specifically looking for banks that are in a similar position to those that the Swiss lender competes with, but that at the same time complement each other well, especially in investment banking, he said.

UBS declined to comment on the information, the “SonntagsZeitung” continues. But he also notes that there were simulation games for the 2018 merger of UBS and Deutsche Bank.

return to homepage