Commerzbank

Source: news.google.com --- 42 days ago
RTE.ie Commerzbank shares slump on Dresdner deal MarketWatch - 1 hour ago By Steve Goldstein, MarketWatch LONDON (MarketWatch) -- Shares of Commerzbank slumped as much as 12% on Monday after reaching a deal over the weekend to buy Dresdner Bank from Allianz for at least 8.8 billion euros, or $12.9 billion. Commerzbank Returns From `Dead' to Close Gap With Deutsche Bank Bloomberg Backlash At Commerzbank Forbes Financial Times  - Reuters  - guardian.co.uk  - The Associated Press all 860 news articles ...

Source: www.reuters.com --- 42 days ago
Sep 1 - Commerzbank plans to slash around 9000 jobs and cut around 2 billion euros in costs after buying its competitor Dresdner Bank from insurer Allianz. ...

Source: edition.cnn.com --- 42 days ago
Read full story for latest details. ...

Source: news.bbc.co.uk --- 43 days ago
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Source: www.nytimes.com --- 42 days ago
Investors dumped shares of Commerzbank on Monday, a day after the lender sealed an agreement to acquire Dresdner Bank, on concern that it had overpaid. ...

Source: www.washingtonpost.com --- 42 days ago
Commerzbank shares dropped the most in almost six years in Frankfurt trading after agreeing to buy Allianz's Dresdner Bank for $14.3 billion in the biggest financial-services takeover in Europe this year. ...

Source: www.washingtonpost.com --- 43 days ago
LONDON (Reuters) - One of the most famous names in merchant banking is set to go along with up to 2,000 investment banking jobs as Germany's Commerzbank retrenches Dresdner Kleinwort as part of its takeover of Dresdner Bank. ...

Source: mobile.reuters.com --- 42 days ago
FRANKFURT (Reuters) - Commerzbank outlined its plans to cut 9,000 jobs and shrink investment bank Dresdner Kleinwort to a rump after buying Dresdner Bank, but investors were unhappy about the $14.5 billion deal. ...

Source: www.businessweek.com --- 42 days ago
Commerzbank’s ( CBKG.F ) $14.4 billion purchase of Dresdner Bank from insurer Allianz ( AZ ) makes perfect sense, but won’t do much to solve the underlying problem facing private-sector banks in Germany, namely competition from savings banks that enjoy a de facto government subsidy. The German banking market is not a level playing field and Commerzbank-Dresdner won’t make it noticeably more level. When consumers and businesses in Germany need money, they still turn most often to government-controlled Sparkassen and Landesbanks. The public savings banks account for three-quarters of lending, which isn’t surprising. Their government backing gives them access to better credit ratings and cheaper money than their modest profits would normally justify. As a January report by ratings agency Moody’s points out (the report is available, ironically enough, on the Sparkassen Association web site ) the public banks are overstaffed and their profitability is low by international standards ...

Source: uk.reuters.com --- 42 days ago
FRANKFURT (Reuters) - Commerzbank outlined its plans to cut 9,000 jobs and shrink investment bank Dresdner Kleinwort to a rump after buying Dresdner Bank, but investors were unhappy about the $14.5 billion (8 billion pound) deal. ...

Source: online.wsj.com --- 42 days ago
Commerzbank agreed to acquire Dresdner Bank in a $14.4 billion deal that will combine Germany's No. 2 and No. 3 banks by assets, creating a bulkier rival to compete with Deutsche Bank. ...

Source: www.timesonline.co.uk --- 43 days ago
More than 9,000 jobs are to be axed as part of Commerzbank's €9.8 billion (£7.9 billion) takeover of German rival Dresdner Bank, it announced today. The losses are expected to save €1 billion. ...

Source: www.reportonbusiness.com --- 42 days ago
Falling oil prices weigh on resources shares; German bank takeover leads sector lower ...

Source: www.ft.com --- 40 days ago
The agreed purchase is likely to prompt further consolidation in a German banking sector that is still fragmented ...

Source: www.ft.com --- 42 days ago
Commerzbank's intention following its acquisition of Dresdner is clear: to reduce risk and build a bank that is as proof as possible against a rerun of the past year's credit crisis ...

Source: www.reportonbusiness.com --- 42 days ago
Investors skeptical Dresdner takeover will work; investment banking division to bear brunt of cuts ...

Source: seekingalpha.com --- 42 days ago
Edward Harrison submits: In the biggest German banking merger in history, Commerzbank (CRZBY.PK), the third largest in Germany, has reached an agreement with Allianz (AZ) to buy its banking subsidiary Dresdner Bank, Germany's second largest, beating out an alleged better bid from state-owned China Development Bank (CDB). This is an historic merger with wide-reaching implications for the German and European banking sectors. First and foremost, this merger of equals is about banking consolidation in Germany. But it also spells an end to German international banking expansion and puts the financial supermarket/bankassurance business model seriously into question. Complete Story » ...

Source: www.foxbusiness.com --- 42 days ago
Deutsche Cuts Commerzbank To Sell ...

Source: www.moreover.com --- 42 days ago
Monsters and Critics Sep 1 2008 10:50PM GMT ...

Source: www.euronews.net --- 42 days ago
Commerzbank to slash costs after Dresdner purchase ...