The paper said that they are close to signing off on a joint deal, which could be operational as early as next year. The paper quotes sources who confirmed that the discussions are still at a 'very early stage' and are based exclusively on transaction banking operations and do not relate to securities clearing.
Negotiations for a similar tie-up between the two banks and Commerzbank collapsed in February. It is believed that the venture may well be receptive to other banks coming aboard.
Deutsche And Dresdner Merge Operations
German daily newspaper BoersenZeitung has reported that Dresdner Bank and Deutsche have signed a letter of intent to merge their payment transaction banking operations in a bid to cut costs.
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