Reuters exclusive: Deutsche Bank CEO sees strong case for Commerzbank merger

Reuters exclusively revealed that Deutsche Bank chief executive Christian Sewing believes there is a strong case for a merger with Commerzbank. Sewing’s view sets the stage for a potential showdown with labor unions, who fear as many as 30,000 jobs could be cut if Germany’s two biggest banks become one. He will also have to persuade some investors, who are skeptical about the merits of a tie-up.