Browsing Tag

Germany

Deutsche Bank buys Postbank

I have only seen this story in Germany so far. The long and short is that this is a done deal. Deutsche Bank is expected to close the deal tomorrow. Helping to seal the deal is the fact that no layoffs are anticipated initially. This will…

Commerzbank gobbles up Dresdner

In the biggest German banking merger in history, Commerzbank, the third largest in Germany, has reached an agreement with Allianz to buy its banking subsidiary Dresdner Bank, Germany's second largest, beating out an alleged better bid from…

Dresdner Bank: looking for suitors

In Europe, there has been a lot of talk about Germany's second largest bank, Dresdner Bank, which is looking to get sold by its parent Allianz. Allianz, which also owns U.S. bond giant PIMCO, has had only trouble with Dresdner since it…

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