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A team of researchers has proposed a new concept for magnet-based memory devices, which might revolutionize information storage devices owing to their potential for large-scale integration, non-volatility, and high durability.

A group of researchers have made a significant breakthrough which could revolutionize next-generation electronics by enabling non-volatility, large-scale integration, low power consumption, high speed, and high reliability in spintronic devices.

"ARIES will enable DOE and industry to de-risk the technical, the operational and the financial impacts of large-scale integration in a unique environment that doesn't currently exist," explained Brouillette.

Merging the two banks, which between them have 140,000 employees worldwide, “would not have created sufficient benefits to offset the additional execution risks, restructuring costs and capital requirements associated with such a large-scale integration,” Christian Sewing, the chief executive of Deutsche Bank, said in a statement.

Deutsche Bank said in a statement that “after careful analysis” its management board has concluded that a combination with its rival “would not have created sufficient benefits to offset the additional execution risks, restructuring costs and capital requirements associated with such a large-scale integration.”