trump: Deutsche is regarded as a bank of global importance, but has been plagued by three years of losses, boardroom battles, money laundering issues and its role as the biggest lender to the Trump business empire, according to The Guardian. Despite Germany's industrial dominance in Europe, it has only one bank in the continent's top 20, and Berlin is understood to be keen to create a larger national champion. Reports in Germany's Welt am Sonntag suggest that the banks have come under political pressure to consider a merger and avert a foreign takeover of Commerzbank, much the smaller partner in any deal. The combination of the two banks mean that Deutsche, currently fifth biggest, and Commerzbank, currently 23rd, will become Europe's second biggest bank and only marginally behind HSBC. Deutsche Bank's chief executive Christian Sewing was seen to be the main opponent of a merger, but investor pressure Deutsche' shares are trading at around 7.68 compared with 32 five years ago is understood to have forced his hand. Sign up to the daily Business Today email or follow Guardian Business on Twitter at Business Desk Cerberus, the US private equity group that is one of the biggest shareholders in both Deutsche Bank and Commerzbank, is reportedly keen on a merger, while Deutsche Bank's chairman Paul Achleitner is also said to be open to the idea. The talks are believed to be at a very early stage unofficial contacts in a very small group according to Welt am Sonntag but are likely to be welcomed by major shareholders.
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