Kommentar: Passt auf die Deutsche Bank auf
Die Übernahme der Commerzbank durch Unicredit ist fast schon eine Tatsache. Den Verlust einer weiteren Großbank kann sich der Standort Deutschland nicht leisten.
The summer break has ended. In Frankfurt's financial scene, the end of the holiday season is traditionally marked by the Bank Summit of the Handelsblatt newspaper. This year, the industry's annual gathering will be far from routine, as it begins on Wednesday with the Commerzbank's looming takeover by Italian rival Unicredit. This is not a catastrophe, as German medium-sized businesses' financing will not collapse, and the financial hub of Germany will not sink into insignificance.
As a good European, one must acknowledge that Unicredit CEO Andrea Orcel's bold move towards the Commerzbank contributes to creating a genuine financial market within the Euro Zone. However, these points do not change the fact that the upcoming takeover is a profound cut. Large banks are strategic assets in geopolitically turbulent times.
The major European economic powers have at least two private, internationally operational institutions. Germany will likely be left with only Deutsche Bank in the future, implying that the political naivety with which the federal government has negligently facilitated the Commerzbank takeover must end.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
