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Germany's Banking Turkeys Won't Fly Anytime Soon

Lionel Laurent
Germany's Banking Turkeys Won't Fly Anytime Soon

If Germany has too many banks and beleaguered lender Deutsche Bank AG is too reliant on its trading businesses, wouldn't a merger with rival Commerzbank AG fix two issues at once? Probably — but for Deutsche's chairman to bring it up now is as ill-timed as cracking a joke at a funeral. What Deutsche Bank lacks right now is strong leadership and strategic clarity rather than a nifty Powerpoint presentation about potential deals.