Deutsche Bank and UBS Explored the Idea of Creating Europe's Biggest Bank

The transcript discusses the potential merger between Deutsche Bank and UBS, which was surprising due to its cross-border nature. Although there were rumors and preliminary talks, the merger did not proceed due to regulatory, valuation, and leadership challenges. The merger would have created a financial powerhouse, but Deutsche Bank's low valuation and leadership issues were significant barriers. Deutsche Bank is now focusing on overhauling its investment bank and may consider future mergers, possibly with UBS.

What steps is Deutsche Bank currently taking to improve its investment banking sector?

What future possibilities did Deutsche Bank executives indicate regarding mergers?