No to moze teraz kolej na HVB albo Commerzbank?
Po ostatnich zmianach sa dosyc latwym celem do przejecia - albo sie same
polacza albo....
Na uwage zwraca fakt, ze na 10 najwiekszych bankow w Niemczech tylko 4 sa
prywatne...

Deutsche breaks off talks with Citigroup
By Patrick Jenkins in Frankfurt and Charles Pretzlik in London

Deutsche Bank has broken off exploratory takeover talks with Citigroup after
Josef Ackermann, Deutsche's chief executive, decided that an acquisition of
Germany's biggest bank by a US rival would be too politically controversial,
according to people close to the discussions.


The discussions culminated in a meeting in New York last month, at which top
Citigroup management met senior Deutsche executives including Mr Ackermann
and Michael Cohrs, global head of corporate finance.

Speculation about a deal has circulated for months, after it emerged that
Citigroup had asked Gerhard Schroder, Germany's chancellor, if his
government would block a takeover of Deutsche.

Deutsche executives said Mr Schröder was one of the architects of the
proposed deal - although that support could never be public - which he saw
as way to force through badly needed consolidation in German banking. "It
would allow him to say to the rest of the German banking sector, 'I told you
so, you need to merge domestically if you are going to see off the threat of
foreign takeovers'," said one executive.

A Deutsche Bank supervisory board meeting on Wednesday was told of several
"transformational deal" options open to Deutsche, including a takeover by
Citigroup, according to people close to the group.

Initial talks between Deutsche and Citigroup took place last summer and
resumed last month. But a deal faced formidable obstacles, including
Citigroup's wariness about a big German bank deal and the fact that Mr
Ackermann is facing criminal charges of breach of fiduciary duty while a
non-executive director of the Mannesmann telecommunications group.

People familiar with Citigroup's strategy point out that it is already the
most profitable bank in Germany and can easily expand its corporate business
without an acquisition. Buying Deutsche would require heavy job losses to
reduce overlap and cut costs in the German retail operation, which would be
politically sensitive.

Moreover, Citigroup has made clear that it sees more exciting growth
prospects in the US, India and China, where yesterday it launched a new
dual-currency credit card in partnership with a local bank.

German politicians have repeatedly urged the country's private-sector banks
to merge to create stronger groups in an attempt to protect credit lines to
small and medium-sized businesses that make up three-quarters of the Germany
economy.

Mr Ackermann has been lambasted in the German press in recent weeks for his
"arrogance" during the Mannesmann trial, particularly for a V-for-victory
sign he made briefly just before the hearing began.

do góry