Add To Watchlist

DRESDNER

The Wire

Commerzbank to take over Dresdner in Jan.

Commerzbank will take over rival Dresdner Bank AG in January, months earlier than expected, Commerzbank announced in a statement Thursday.

Sale of Dresdner Bank to cost thousands of jobs

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 over the weekend in a 9.8 billion euros ($14.44 billion) deal.

The Vine
This area needs news. Click here to seed the vine