Shares of Deutsche Bank surged on Wednesday after Bloomberg News reported the German government plans to push for a merger to save the struggling bank.
The bank’s stock rose as much as 8.5 percent and was last up 4.8 percent.
Bloomberg, citing people familiar with the matter, reported Germany plans on working on a merger between Deutsche Bank and Commerzbank. The report also said the government could look to change its tax law to help the merger go through.
