BERLIN/FRANKFURT (Reuters) – German lawmakers on Monday criticized deputy finance minister Joerg Kukies and Goldman Sachs, alleging a conflict of interest in the U.S. investment bank advising state-backed Commerzbank on a possible merger with Deutsche Bank.FILE PHOTO: Outside view of the Deutsche Bank and the Commerzbank headquarters in Frankfurt, Germany, March 18, 2019. REUTERS/Ralph Orlowski
Kukies, who was formerly co-head of Goldman Sachs (GS.N) in Germany, left the Wall Street firm a year ago to become deputy German finance minister.
Kukies has since advocated a merger between Commerzbank (CBKG.DE) and Deutsche Bank (DBKGn.DE), which unions warn could mean up to 30,000 job cuts, people familiar with the matter say.
BY REUTERS
