Deutsche Boss Announces Merger Plans

In an interview with the Financial Times Deutschland, Breuer said that 'in the next 18 months we are not planning any expansion, either through a merger or a takeover.'

He confirmed that Deutsche needed to improve its market capitalisation in order to give the bank a viable acquisition currency. Breuer reaffirmed his previous statements that he expected to see cross border mergers in Europe before too long, but ruled out mega-deals. He said that he expected mergers to be retail or private banking-based, rather than involving investment banks.