U.S. Markets open in 3 hrs 44 mins

Deutsche Bank shares surge on report Germany plans to fix bank's problems with merger

Yun Li

The German government is reportedly planning a push for a merger between Deutsche Bank and Commerzbank. Bloomberg News, citing sources, said Germany may change its tax law to aid the merger. Shares of Deutsche Bank DBK-DE surged Wednesday after Bloomberg News reported the German government plans to push for a merger to save the struggling bank.