September 24, 2018 / 5:33 PM / 3 months ago

Deutsche Bank CEO plays down talk of possible merger

FILE PHOTO: People are silhouetted next to the Deutsche Bank's logo prior to the bank's annual meeting in Frankfurt, Germany, May 24, 2018. REUTERS/Kai Pfaffenbach/File Photo

BERLIN (Reuters) - Deutsche Bank’s (DBKGn.DE) chief executive on Monday dampened speculation of a possible merger, saying the bank must focus on its homework for the time being.

CEO Christian Sewing said that after the bank had made progress on profitability in the next 18 months, “then we can talk about other things.”

Sewing, speaking at an industry conference, was responding to questions about speculation of a merger with rival Commerzbank (CBKG.DE).

Reporting by Gernot Heller; Writing by Tom Sims. Editing by Jane Merriman

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