ECB Officials Are Said to Question Logic of Deutsche Bank Merger

The transcript discusses Bloomberg's report on the ECB's stance against a merger involving Commerce Bank and Deutsche Bank. Despite initial resistance, the market reacted positively, with stock prices rising. Hedge funds are betting against Deutsche Bank, while Cerberus, a private equity firm, is involved behind the scenes. The discussion concludes with the uncertainty of the merger and the necessity for a Plan B.

How did the hedge funds react to the news about Deutsche Bank?

What does the speaker suggest is necessary if the current plan does not proceed?