Deutsche Bank would be willing to take over Credit Suisse’s assets

As time passed, rumors circulated about potential interested parties in participating in the rescue Credit Suisse. After the Financial Times reported it Black stone It may be interested in entering the competition for UBS – something the giant would have denied to Bloomberg – the financial news agency offers that the one who might consider acquiring some of the assets would be Deutsche Bank.

According to Bloomberg, the German giant will not rule out acquiring any part of the Swiss business in the event that it merges in whole or in part into UBS. As it became known on Friday, the boards of Credit Suisse and UBS met this weekend to study a possible merger. This national union will be strengthened by the Swiss authorities.

Assessments of a potential asset purchase by Deutsche Bank will be preliminary and Bloomberg attributes the information to insiders, suggesting that these deliberations will only be conducted privately without being approached or offered by the Swiss. Likewise, it places them within the framework of the German Bank’s assessment process of the impact that the critical situation the Swiss may be going through.

While waiting to see if UBS and Credit Suisse find an alternative to merger, the potential merger could be in whole or in part, but it is likely in either case that there will be sales of assets, which could be used by third parties.

According to Bloomberg, Credit Suisse’s asset and wealth management business could be some areas of interest for Deutsche Bank, which is showing interest in expanding in these areas. JPMorgan has reportedly valued Credit Suisse’s wealth management business at around CHF10 billion.

Although Deutsche has not been inclined to carry out corporate operations, this business segment is attractive to it and it now has more margin to promote operations, Because in the end it will not face Commerzbank integration.