Deutsche Bank AG is set to outline its $9.5 billion (£6.4 billion) acquisition of Bankers Trust today after weekend supervisory board meetings to rubberstamp the deal creating the world's largest bank.

The supervisory board of Deutsche Bank AG started its meeting yesterday, saying it did not plan to release a statement on the outcome of the meeting, nor details of the deal, before today.

It was announced last Monday that Deutsche planned to offer $93 per Bankers Trust share. The deal will create a financial giant with more than $800 billion of assets, consigning Union Bank of Switzerland to second place in the world league table.