The German government has urged Deutsche Bank and Commerzbank to merge. But will cultural and business differences between the two lenders keep them apart?
FRANKFURT—The fate of Deutsche Bank AG’s global investment bank, including its embattled U.S. operations, has emerged as a focus of debate following the first week of formal merger talks with Commerzbank AG, according to people familiar with the matter.
The two German lenders announced last week they are in deal talks following months of speculation. The banks have spent billions of dollars in recent years restructuring, overhauling management and cutting staff in a bid to revive their fortunes as independent lenders. But...
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