Deutsche Bank Wins New Business Thanks to Commerzbank Uncertainty

Germany’s Deutsche Bank is reportedly benefitting from uncertainty surrounding a possible takeover of rival Commerzbank.Commerzbank’s customers are increasingly turning to Deutsche Bank for funding, Jan-Philipp Gillmann, head of Deutsche Bank’s German/European corporate banking division, told attendees at an event at Frankfurt.This is happening amid reports that Commerzbank is the target of a potential merger with Italy’s UniCredit.“Customers are calling us,” said Gillmann, whose comments were reported Tues ...