The fun has begun. Bayerische Vereinsbank and Bayerische Hypobank announced a “merger of equals” on July 21. They broke the log jam that has been stalling jumbo deals in Germany. The speculation that Allianz might push Dresdner Bank and Hypobank together is over, at least for the time being. The focus now is on a possible fusion of the two Frankfurt giants, Dresdner and Commerzbank, although much depends on the personal chemistry at the top.
The Bavarian merger should also put the wind up Germany’s state-sector banks, already under attack by German private banks and by Brussels.
Access this research
Enter your work email address to sign in or check whether your organisation already has access to Euromoney.
