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Last updated: 20:00:13 Monday Nov 2, 2009


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  • Global Financial Crisis 2
  • Germany's Commerzbank takes heavy loss, warns of more
    FRANKFURT (AFP) - Germany's second biggest bank, Commerzbank, posted a worse-than-expected third-quarter net loss Monday of 1.05 billion euros (1.56 billion dollars) due to group restructuring costs and writedowns.   Source:(AFP)   2009-11-02

    Commerzbank is first private German bank to ask for cash injection
    FRANKFURT - Commerzbank, the second-biggest German bank, took the plunge and said on Monday it would ask the government for 8.2 billion euros (10.5 billion dollars) in cash and 15 billion more in debt guarantees.   Source:(AFP)   2008-11-03

    Germany set for another banking mega-deal
    BERLIN (AFP) - In what would be the third mega-deal in German retail banking in two months, Deutsche Bank has confirmed it is looking at an acquisition that would more than double its high street customer base.   Nations:Germany France   Activities:Global Financial Crisis   Source:(AFP)   2008-09-11

    Commerzbank shares drop 10 pct on news of Dresdner takeover
    FRANKFURT (AFP) - Shares in Germany's second biggest bank, Commerzbank, fell 10 percent on Monday after it announced a near 10-billion-euro takeover of number three Dresdner Bank.   Nations:Germany   Activities:Global Financial Crisis   Source:(AFP)   2008-09-01

    Allianz in talks to sell Dresdner Bank
    FRANKFURT (AFP) - German insurance giant Allianz is in "advanced talks" on the future of its Dresdner Bank unit, "that may or may not lead to a deal," it said Friday in a brief statement to financial markets.   Nations:Germany   Source:(AFP)   2008-08-30

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