Entries tagged "Commerzbank"
World markets eased into the week slowly. Asian and European stocks crawled up slightly. Japanese markets were closed. The FTSEurofirst 300 index was up 0.7%. Much of the trading Monday centered around banking news. The Bank of England and the European Central Bank may slash rates on Thursday, according to CNBC. ...
Global stocks slipped Friday. The Nikkei 225 Average fell 5% after the Bank of Japan cut interest rates. The FTSEurofirst 300 index shares were up 0.6% at 909.2 points. ...
It seems German insurer Allianz SE could be days away from a deal for its Dresdner Bank unit. Analysts are predicting it will sell to Commerzbank AG rather than accept a reportedly higher but politically risky offer from China Development Bank.
Although ongoing loses at Dresdner Bank AG were thought to stymie Allianz SE's sales efforts earlier in the month, Commerzbank AG remains undeterred in its interests in Dresdner, according to a Reuters report. Commerzbank is reportedly preparing to call a supervisory board meeting late next week to discuss a possible offer, a Reuters source has said....
