Hints and tips:
...It had $193bn in outstanding loans last year, placing it third in Switzerland behind UBS and Raiffeisen Schweiz. It also has a private bank that helps recruit wealth management clients....
...Since its merger with Dresdner Bank in 2009, Commerzbank has lurched from crisis to crisis, blighted by bloated costs and feeble growth in the era of low interest rates....
...Among its 34 victims were the chairmen of Deutsche Bank and Dresdner Bank, West Germany’s federal prosecutor, senior diplomats, soldiers and politicians....
...Morgan Stanley’s model is based on UBS retaining CS Schweiz while finding $10.5bn of cost savings (notably higher than management’s $8bn guidance)....
...• What happens with the Swiss Bank or CS (Schweiz) entity of CSG i.e. is it part of the transaction with UBS and UBS later spins-off the entity to avoid market share concentration issues?...
...As part of a deal with the city, Dresdner Bank had to include a playhouse with 300 seats in the building....
...The way CS failed, the mechanics of its shotgun rescue by arch rival UBS and the hangover implications for “Finanzplatz Schweiz” — the Swiss financial centre as a whole — are profound....
...Montague, 75, who started his career as a Linklaters lawyer and Dresdner Kleinwort Benson banker, has taken on senior roles in the past involving complex financial troubleshooting in major companies....
...We used to work with Peter Tasker, who was our Japanese strategist at Dresdner Kleinwort, which I joined in 1988. We went through the Japan boom and bust together....
...Until his untimely death, Wasserstein had been chief executive of Lazard, the firm he’d been tasked with turning around since quitting Allianz’s Dresdner Bank to take the helm in 2002....
...Commerzbank has been in a long-running crisis after it merged with struggling rival Dresdner Bank at the height of the financial crisis....
...It’s still there, on the corner of Glauburgstrasse and Oeder Weg, though the fascia is now yellow rather than green, following Dresdner Bank’s 2009 takeover by Commerzbank....
...Tie-ups between two listed companies on Germany’s benchmark Dax index are rare — among the most recent examples are Dresdner Bank’s ill-fated takeover by Allianz in 2001 and Bayer’s acquisition of pharmaceuticals...
...He will be replaced at the start of next year by Robert Lister, a former banker at Barclays de Zoete Wedd and Dresdner Kleinwort Benson....
...It also meant working part-time when she was a partner at management consultancy McKinsey with two young sons while her husband Bert Piedra, former head of global banking at Dresdner Kleinwort, was in a...
...He will be succeeded by Robert Lister, the former head of equities at Dresdner Kleinwort Benson and Barclays de Zoete Wedd....
...The Spac boom serves as a Wall Street legend’s final act Just 20 years ago, the hotshot boutique investment bank Wasserstein Perella was acquired for $1.5bn by the German bank Dresdner....
...merger of Commerzbank and Dresdner....
...The imposing 1889 neoclassical building – once the Dresdner Bank headquarters and later Lagerfeld’s Berlin house of choice – was overhauled by Rocco Forte in 2006, in the designer’s words, “avec un glamour...
...But are these the City skills he learnt at Linklaters and Dresdner Kleinwort, and which will keep him at lobby group CityUK a while longer?...
...However, its internal probe into the cum-ex linked equity transactions of Dresdner Bank, the rival German lender it bought in 2009, had not yet been completed and disclosed to prosecutors....
...Sir Adrian is a City veteran who worked as a lawyer at magic circle firm Linklaters until 1993 before moving to the bank Dresdner Kleinwort and subsequently embarking on a non-executive career....
...Neither bank’s record inspires confidence. The 2008 merger of Commerzbank and Dresdner did not go smoothly. Nor did Deutsche’s of Postbank, which began that same year. Other tie-ups are possible....
...In 2000, after leaving his job at Goldman Sachs to join Allianz, he tried to broker a merger between Deutsche Bank and Dresdner Bank, in which the insurance group then held a large minority stake....
...Several of Mr Wittmann’s colleagues still have painful memories from the bank’s ill-fated acquisition of Dresdner Bank over a decade ago....
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