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ECB will ask Deutsche Bank to raise fresh funds for merger: source

 ECB will ask Deutsche Bank to raise fresh funds for merger: source

FRANKFURT (Reuters) - The European Central Bank will ask Deutsche Bank to raise fresh funds before it gives the go-ahead for a merger with a state-backed rival, a person with direct knowledge of the matter said.

The official said that Deutsche would be required to have the buffer, which has yet to be calculated, to cope should it experience setbacks while integrating Commerzbank if a deal is agreed.

The ECB, Deutsche Bank and Commerzbank declined to comment.

(Reporting by Reporting by John O'Donnell, Hans Seidenstuecker, Tom Sims)

This story has not been edited by Firstpost staff and is generated by auto-feed.

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Updated Date: Apr 05, 2019 01:05:08 IST

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