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Merkel on Commerzbank: German govt has no fixed position on mergers


Reuters


BERLIN, May 16 (Reuters) - Chancellor Angela Merkel, when asked about Commerzbank , said on Thursday that the German government has no fixed position on mergers.

Asked if she was in favour of Dutch bank ING taking a stake in Commerzbank, she said: "Regarding the banking landscape, those are private sector decisions."

"There is no precedent from the German government for anything that develops in this area," Merkel told a news conference with Dutch Prime Minister Mark Rutte, adding that there were no bans on international cooperation.






This article appears in: World Markets , Stocks , Insurance , Banking and Loans




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