UBS, Deutsche held talks on investment banking alliance -WSJ
Aug 25 (Reuters) - UBS Group AG and Deutsche Bank
AG held talks about combining their businesses
earlier this year, including discussions in mid-June about an
investment banking alliance, the Wall Street Journal reported https://on.wsj.com/30x9arW
A deal could not be reached as the two lenders were not able
to sort out issues including structuring and allocating capital,
the newspaper reported, citing people familiar with the talks.
Reuters reported in May that discussions stalled between the
two banks on a tie-up of their asset management businesses due
to differences over who would control the combined entity.
Deutsche Bank declined to comment on the WSJ report. UBS did
not respond to a request for immediate comment on Sunday.
(Reporting by Kanishka Singh in Bengaluru, Silke Koltrowitz in
Zurich and Chris Steitz in Frankfurt; editing by Jason Neely)
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