March 20, 2019 / 12:29 PM / a month ago

German finance minister - No precautions for Deutsche/Commerzbank merger taken in 2020 budget

Finance Minister Olaf Scholz addresses a news conference to present the budget plans for 2019 and the upcoming years in Berlin, Germany March 20, 2019. REUTERS/Fabrizio Bensch

BERLIN (Reuters) - Finance Minister Olaf Scholz said he had not taken any precautions in Germany’s 2020 draft budget for a possible merger of Deutsche bank and Commerzbank, two participants at a closed-door meeting told Reuters on Wednesday.

Scholz said it was up to Deutsche Bank and Commerzbank to hold merger talks, adding that he would wait to see what they decide, the sources said.

Reporting by Michael Nienaber; Writing by Riham Alkousaa; Editing by Michelle Martin

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