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Latest Dresdner Kleinwort 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...

2008-09-03 06:00:04

By Hamish Rutherford BEN Verwaayen, the Dutchman credited with transforming BT, has taken on another challenging assignment as head of loss making French-US technology giant Alcatel-Lucent. The world's largest manufacturer of fixed-line telecommunications gear had been searching for a new leader since announcing in July that chief executive Patricia Russo and chairman Serge Tchuruk were leaving after they unveiled a sixth consecutive quarterly loss. Alcatel-Lucent also announced that...

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...

2008-06-19 12:00:48

Black Diamond Mining Company, LLC, a producer of steam and stoker coal in Central Appalachia, announced that it retained Miller Buckfire & Co., LLC., a nationally recognized investment banking firm, as its exclusive financial advisor in connection with the company's restructuring. Black Diamond has been operating under chapter 11 protection since February 19, 2008. Miller Buckfire will assist Black Diamond in evaluating various prospective transactions, including a capital raise to...

2006-03-15 17:42:41

NEW YORK (Reuters) - A federal judge has dismissed part of a sex discrimination lawsuit filed by a former stock trader who said she was unfairly denied promotions and pay at the U.S. unit of British asset management firm Schroders. June Roberti, who worked on Schroders' New York equity desk for a total of 19 years, said she was passed over for three jobs that were given to less qualified men and paid less than her male colleagues, according to a complaint filed in 2004 in U.S....

2006-03-15 15:34:03

NEW YORK (Reuters) - A federal judge dismissed part of a sex discrimination lawsuit filed by a former stock trader who said she was unfairly denied promotions and pay at the U.S. unit of British asset management firm Schroders. June Roberti, who worked on Schroders' New York equity desk for a total of 19 years, said she was passed over for three jobs that were given to less qualified men and paid less than her male colleagues, according to a complaint filed in 2004 in U.S. District...

2006-01-12 15:10:10

NEW YORK (Reuters) - The U.S. government sued financial services company Oppenheimer & Co. for sex discrimination on Thursday, claiming a woman was denied a job interview because of her gender. The suit by the Equal Employment Opportunity Commission seeks an unspecified amount of money for the woman and asks the court to order Oppenheimer, a unit of Oppenheimer Holdings, to cease any sex discrimination. Oppenheimer disputed the allegation and said in a statement that the branch...

2006-01-12 15:08:05

NEW YORK (Reuters) - The U.S. government sued financial services company Oppenheimer & Co. for sex discrimination on Thursday, claiming a woman was denied a job interview because of her gender. The suit by the Equal Employment Opportunity Commission seeks an unspecified amount of money for the woman and asks the court to order Oppenheimer, a unit of Oppenheimer Holdings, to cease any sex discrimination. Oppenheimer disputed the allegation and said in a statement that the branch...


Word of the Day
ween
  • To think; to imagine; to fancy.
  • To be of opinion; have the notion; think; imagine; suppose.
The word 'ween' comes from Middle English wene, from Old English wēn, wēna ("hope, weening, expectation"), from Proto-Germanic *wēniz, *wēnōn (“hope, expectation”), from Proto-Indo-European *wen- (“to strive, love, want, reach, win”).
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