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Deutsche Bank, Commerzbank call off merger talks

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Germany's two larger banks called off plans to merge.

Deutsche Bank and Commerzbank in March began negotiations to form Europe's third-largest lender, with $2 trillion in assets.

The deal faced criticism from unions, shareholders, financial experts and politicians who said it did not make sense to merge two lenders with slowing stock prices and profitability issues.

Read more from The New York Times.


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