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Germany reportedly open to Commerzbank, Deutsche tie-up

Bloomberg The German government is open to a merger between the country’s two biggest listed banks, a magazine report said. German Finance Minister Olaf Scholz “could envisage” a tie-up between Deutsche Bank AG and Commerzbank AG, Spiegel reported, without saying how it obtained the information. It said that Deutsche Bank CEO Christian Sewing and Commerzbank CEO Martin Zielke are also ...

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Bank of Tanzania rejects ‘media’ claims of printing $656 million

Bloomberg Bank of Tanzania refuted social-media allegations about printing notes valued at 1.5 trillion shillings ($655.9 million) for the government’s use. “The central bank informs the public that the statement is incorrect and intends to affect the trust of citizens and international stakeholders on Tanzanian financial stability,” the central bank said in an emailed statement. The government’s overdraft at the ...

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Poland wants share of Asian flights with ‘airport project’

Lead poland airport copy

Bloomberg Poland is banking on booming passenger and cargo traffic to help turn its planned transportation hub into a key European gateway to Asia and is open to looking for partners in the far East to help finance it. The European Union’s largest eastern economy plans to plow as much as $9.4 billion by 2027 into building a 45-million passenger ...

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