European markets have been patiently watching Brexit
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...