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What happened to Dresdner Bank?
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Dresdner Bank AG was a German bank, founded in 1872 in Dresden, then headquartered in Berlin from 1884 to 1945 and in Frankfurt from 1963 onwards after a postwar hiatus. Long Germany's second-largest bank behind Deutsche Bank, it was eventually acquired by Commerzbank in May 2009.
In 2001 Dresdner was acquired by Allianz AG, a global insurance provider that saw the takeover as a way of bolstering its financial management arm. Both Dresdner and Allianz have suffered since this merger because of problems with Dresdner's investment bank business, Dresdner Kleinwort Wasserstein. The Early Years.
Sep 1, 2008 · Allianz has agreed to sell Dresdner Bank to Commerzbank in a deal that will re-shape the German banking industry. Allianz’s supervisory board approved the sale of Dresdner after meeting on Sunday.
Sep 1, 2008 · Allianz, Europe’s biggest insurer, has agreed to sell Dresdner Bank to Commerzbank in a deal that will re-shape the German banking industry. Allianz’s supervisory board approved the sale of...
- Gwen Robinson
Aug 29, 2008 · A deal to reshape the German banking industry with the sale of Dresdner Bank to Commerzbank for about €9bn ($13bn) appeared imminent on Thursday when the target’s parent, Allianz, and the...
Sep 1, 2008 · Commerzbank's 9 billion takeover of Dresdner Bank, agreed by their supervisory boards on Sunday, will create a second major national banking champion alongside Deutsche Bank.
Jul 21, 2001 · When Germany's third-largest bank, Dresdner Bank, disappears from the stock market on Monday it will mark the end of an era in German business. It is the final stage of the #24 billion (£18.9...
