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Commerzbank on brink of buying Dresdner

ft.com
31-Aug-2008
        
Story Timeline:  93 days

By James Wilson in Frankfurt Allianz was on the brink of selling Dresdner Bank to Commerzbank on Sunday in a deal that will re-shape the German banking industry. Allianz’s supervisory board approved the sale of Dresdner after meeting on Sunday, according to people familiar with the insurer. Commerzbank’s supervisory board was meeting at the same time and was also expected to agree to the deal, which analysts have... [read full story]                    

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Dresdner Kleinwort to lose its identity in investment banking

 ft.com 02-Sep-2008
First article on this story:

DJ DGAP-Adhoc: Commerzbank AG: Commerzbank acquires Dresdner Bank

 ad-hoc-news.de 31-Aug-2008
Selected publications with coverage of this story:
reuters.com dw-world.de hereisthecity.com manchestereveningnews.co.uk ibtimes.com tiscali.co.uk marketwatch.com telegraph.co.uk afp.com reuters.co.uk earthtimes.org scotsman.com
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Dresdner Kleinwort to lose its identity in investment banking

ft.com
02-Sep-2008
        

One of London’s most historic banking names – Kleinwort’s – faces extinction from the world of investment banking. Dresdner Kleinwort is to be aggressively shrunk following the acquisition of its German parent, Dresdner...

Dresdner deal will scuttle 9000-plus banking jobs

apn.co.nz
02-Sep-2008
        

Commerzbank's purchase of German rival Dresdner Bank AG will cost thousands of jobs, but analysts said it would benefit insurer Allianz SE, which agreed to sell Dresdner over the weekend in a ¬9.8 billion ($20.6 billion)...

Commerzbank buys rival ... 9,000 jobs to go

jamaica-gleaner.com
02-Sep-2008
        

Commerzbank's purchase of German rival Dresdner Bank AG will cost thousands of jobs, but analysts said Monday it will benefit insurer Allianz SE, which agreed to sell Dresdner on the weekend in a €9.8 billion (US$14.44...

xinhuanet.com: Shares of Germany's Commerzbank AG dropped sharply on Monday at the Frankfurt Stock Exchange after it agreed with Dresdner Bank on a merge deal a day earlier. xinhuanet.com

Commerzbank shares slump after Dresdner deal

xinhuanet.com
02-Sep-2008
        

People pass by a branch of German bank Dresdner Bank in Munich, Aug. 29, 2008. Shares of Germany's Commerzbank AG dropped sharply on Monday at the Frankfurt Stock Exchange after it agreed with Dresdner Bank on a merge...

                   

City braced for fresh round of banking job cuts

independent.co.uk
01-Sep-2008
        

Commerzbank plans to shed 1,200 jobs in London as it agrees to buy out Dresdner for €8.8bn By Sean Farrell, Financial Editor The city is bracing itself for a further redundancies as Commerzbank prepares to cut more than...

Dresdner Kleinwort boss Stefan Jentzsch first out in Commerzbank cull

timesonline.co.uk
01-Sep-2008
        

Dresdner Kleinwort's chief executive became the first casualty yesterday of the takeover of the Dresdner empire by Commerzbank, the German giant. Stefan Jentzsch told staff at the investment bank that he will step down...

                   

Blessing on Dresdner

ft.com
01-Sep-2008
        

Do two 2nd XI banks together make the first team? The combination has the potential to be a classic in-country merger led by cost savings but, in the run-up to next year's elections, there is no benefit in scaring the...

Commerzbank to acquire Dresdner

business-standard.com
01-Sep-2008
        

The deal will create Germany's largest bank, surpassing Deutsche Bank AG. Commerzbank AG is close to buying Allianz SE’s Dresdner Bank for about ¤9 billion ($13.3 billion) in a deal that would create Germany’s largest...

                   
afp.com: afp.com

Commerzbank shares drop 10 pct on news of Dresdner takeover

afp.com
01-Sep-2008
        

Headquarters of the Dresdner Bank in Frankfurt FRANKFURT (AFP) - Shares in Germany's second biggest bank, Commerzbank, fell 10 percent on Monday after it announced a near 10-billion-euro takeover of number three Dresdner...

Commodities, Commerzbank drag down Europe stocks

theglobeandmail.com
01-Sep-2008
        

Globe and Mail Update September 1, 2008 at 1:06 PM EDT LONDON — European shares fell on Monday, led by weaker commodity stocks tracking falling oil and metals prices, while Commerzbank slipped 10 per cent after it agreed...

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