UBS and Deutsche Bank in 'serious' talks over asset management merger - reports

Would create €1.4bn giant

Anna Fedorova
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Discussions about a potential deal between the two banks have been going on "for a couple of months", according to the FT
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Discussions about a potential deal between the two banks have been going on "for a couple of months", according to the FT

The asset management arms of Deutsche Bank and UBS are in serious talks over a potential merger which would create a new European fund management giant with assets under management (AUM) of €1.4trn, according to reports.

The FT reports that discussions about a potential deal have been going on "for a couple of months", according to a person close to the situation. If the deal is successful, the new group would become...

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