Europe, Middle East & Africa: on hold

Author: Lizzie Meager | Published: 23 Apr 2019
European markets have been patiently watching Brexit developments

For many Europeans, much of March was spent with 24/7 rolling news on in the background, the clock counting down to March 29 – and politicians looking no closer to agreeing on a Brexit plan. European financial markets were largely on hold, with a number of dealmakers saying they were building a backlog they planned to tackle in the first week of April. With Brexit then delayed, that never happened.

Elsewhere in the deal space, following years of rumours, German lending giants Deutsche and Commerzbank finally admitted to holding merger talks. A deal would create the Eurozone's second-largest bank with approximately €1.9 trillion ($2.1 trillion) in assets and over 140,000 employees. The announcement has upset some, however, who see it as...