Latest Dresdner Bank Stories

2009-02-20 15:00:16

Bonuses paid to failed bankers struck a raw nerve in Germany with Chancellor Angela Merkel calling the lavish bonus system incomprehensible. World leaders from U.S. President Barack Obama, British Prime Minister Gordon Brown and now Merkel have expressed dismay over bonuses that banks have doled out to executives that led their firms and world finances into economic chaos. It is incomprehensible that banks helped out by the state in many cases pay out huge sums in bonuses, Merkel told Der...

2008-09-02 09:00:12

Germany's Commerzbank shares slump after Dresdner deal BERLIN, Sept. 1 (Xinhua) -- Shares of Germany's Commerzbank AG dropped sharply on Monday at the Frankfurt Stock Exchange after it agreed with Dresdner Bank on a merge deal a day earlier. The share price of the Frankfurt-based Commerzbank stock slumped 10.85 percent to 17.91 euros (26.1 U.S. dollars) in Frankfurt Stock Exchange at 16:25 local time (15:25 GMT), while that of Dresdner Bank also slipped by 2.11 percent at 63.45 euros...

2008-09-02 00:00:08

By Sean Farrell Commerzbank plans to shed 1,200 jobs in London as it agrees to buy out Dresdner for EUR 8.8bn THE CITY is bracing itself for a further redundancies as Commerzbank prepares to cut more than half its workforce at Dresdner Kleinwort's London operation in its takeover of its German rival. Commerzbank plans to slash up to 1,200 London jobs at Dresdner in businesses such as trading as well as in support functions. About 2,000 of Dresdner Kleinwort's 5,500 staff are employed...

2006-01-09 13:23:44

NEW YORK (Reuters) - Six female employees filed a $1.4 billion class-action lawsuit against Dresdner Kleinwort Wasserstein in federal court on Monday, alleging women at the German investment bank are treated unfairly. According to the lawsuit, filed in U.S. District Court in Manhattan, women in Dresdner's New York and London offices are barred from top jobs, do not receive the same pay as their male colleagues, and are subjected to a hostile work environment, among other things. In...

Word of the Day
  • A cloth or covering, more or less ornamented, laid over the saddle or furniture of a horse, especially of a sumpter-horse or horse of state.
  • Clothing, especially sumptuous clothing; equipment; outfit.
  • To cover with a caparison, as a horse.
  • To dress sumptuously; adorn with rich dress.
This word ultimately comes from the Medieval Latin 'cappa,' cloak.