Entries tagged "Dresdner Bank"
U.K. broker Collins Stewart plc has emerged as a potential bidder for the U.K advisory, capital markets and equity trading businesses of Dresdner Kleinwort following Allianz SE's Sunday agreement to sell Dresdner Bank to Commerzbank AG for €9.8 billion ($14.3 billion). With a focus on lending to medium-sized businesses in Germany, Commerzbank likely sees the London-based investment bank as an unwelcome distraction. As speculation swirls about Dresdner Kleinwort's future, the Financial Times Wednesday cited people familiar with the situation saying Collins Stewart may make a bid in order to boost its brokerage operations and its Hawkpoint Partners Ltd. advisory...
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....
Speculation is growing that U.K. bank Lloyds TSB Group plc is in talks to acquire Dresdner Bank from Germany's Allianz SE. ...
A look at some other news and rumors from across the Internet. ...
