Factbites
 Where results make sense
About us   |   Why use us?   |   Reviews   |   PR   |   Contact us  

Topic: Dresdner Bank


Related Topics

  
  Report Details Dresdner Bank's Wartime Financing of a Death Camp - New York Times
FRANKFURT, Feb. 17 — Dresdner Bank helped finance the construction of the Auschwitz death camp and was the bank of choice for Hitler's feared SS paramilitary, according to an independent report on the German bank's dealings during the Nazi era, released Friday in Berlin.
Dresdner Bank is the latest of several German companies to hire outside scholars to research their wartime history.
In Dresdner's case, this public act of reckoning was also a response to withering criticism of the bank by Holocaust survivors in 1997, when the bank all but erased the Third Reich from its 125th anniversary commemoration.
www.nytimes.com /2006/02/18/business/worldbusiness/18dresdner.html?ex=1297918800&en=6a66ba89206504e7&ei=5088&partner=rssnyt&emc=rss   (760 words)

  
  Dresdner Bank - Wikipedia, the free encyclopedia
Dresdner Bank is one of Germany's largest banking corporations and is located in Frankfurt.
Dresdner Bank was founded in Dresden in 1872.
Since 2002, Dresdner Bank is a wholly- owned subsidiary of the insurance corporation Allianz.
en.wikipedia.org /wiki/Dresdner_Bank   (132 words)

  
 Dresdner Kleinwort Wasserstein - Wikipedia, the free encyclopedia
Dresdner Kleinwort Wasserstein (DrKW) is the investment bank of Dresdner Bank AG, part of Allianz since July 2001.
The firm has a global reach thanks to the takeover by Dresdner Bank of the UK investment bank Kleinwort Benson in 1995 and the US investment bank Wasserstein Perella in 2001 (from Bruce Wasserstein).
Banks in the syndicate, with the exception of Barclays Capital, have been mandated to conduct an initial public offering of a stake of Rosneft on an international stock exchange.
en.wikipedia.org /wiki/Dresdner_Kleinwort_Wasserstein   (353 words)

  
 Merger of Deutsche Bank and Dresdner Bank fails
There were several demonstrations by bank staff as it became increasingly clear that it was mainly Dresdner Bank employees from the branches and central administration who were on the fllist.
The Dresdner Bank's member of the executive committee responsible for personnel questions made clear to Breuer that there could be no further progress in this direction, and that demonstrations in the banking district should be avoided because of the feared image damage.
If some Dresdner Bank staff popped the champagne corks on hearing news that the merger had failed (because they believed to have avoided losing their jobs), they are deluding themselves.
www.wsws.org /articles/2000/apr2000/germ-m13.shtml   (1965 words)

  
 SignOnSanDiego.com > News > World -- Study shows Dresdner Bank owned stake in company that built Holocaust ...
Dresdner Bank, which was government-owned during the early years of the Nazi regime in the 1930s and remained under strong government influence after it passed back into private hands in 1937, was long known to have done business with the Nazi government – as did German big business in general.
Dresdner Bank said it gave the scholars a free hand to probe the bank's archives and reveal what they found.
The bank was one of the business contributors to a 5.1 billion euro ($6 billion) business-government fund that began paying out compensation in 2001 to people forced to work as slave laborers to the Nazis.
www.signonsandiego.com /news/world/20060217-0654-germany-dresdnerbank-holocaust.html   (523 words)

  
 EJP | News | Germany | Report: Dresdner Bank financed Auschwitz
The Dresdner bank was directly responsible for co-financing the establishment of the Auschwitz-Birkenau death camp and was the bank of choice for Hitler’s SS, according to a new independent report on the German bank’s dealing during the Nazi era.
The report makes the Dresdner Bank doubly liable for the Nazi atrocities, because its business dealings with the SS was not a result of duress.
Dresdner Bank, which is a sustaining member of the museum, was founded in 1872 by the Jewish financier Eugen Gutman, who ran the bank until 1920.
www.ejpress.org /article/6593   (721 words)

  
 dresdner bank - Search Results - MSN Encarta
Banking, the business of providing financial services to consumers and businesses.
The basic services a bank provides are checking accounts, which...
Banking, Finance, bank processes, bankers, insurance, pictures of banks, quotations, regulation, security of financial transactions, specific...
encarta.msn.com /dresdner_bank.html   (106 words)

  
 Definition of Investment bank
An investment bank can raise money for a corporation from a hedge fund that is dedicated to making direct investments in corporations, which is usually referred to as venture capital, or as loans with collateral as security to reduce risk.
Management of the bank's own capital, or Proprietary Trading, is often one of the biggest sources of profit; for example the banks may arbitrage in huge scale if they see a suitable opportunity and/or they may structure their books so that they profit from a fall of bond yields (a rise of bond prices).
Because potential conflicts of interest may arise between different parts of a bank, the authorities that regulate investment banking (the FSA in the United Kingdom and the SEC in the United States) require that banks impose a Chinese wall which prohibits communication between Investment Banking on one side and Research and Equities on the other.
www.wordiq.com /definition/Investment_bank   (682 words)

  
 CNN.com - Dresdner reshuffles loans banks - June 25, 2001 Posted: 1009 GMT
Dresdner Bank is seen by industry watchers as likely to explore solutions for its low-return mortgage operations after Allianz launched a friendly takeover bid for the bank in April.
Dresdner was forced to quadruple loan loss provisions at its mortgage business after Deutsche Hyp was hit by risks associated with property finance in eastern Germany.
Dresdner and Commerzbank had previously discussed combining their mortgage operations before those talks were sidelined by Deutsche's failed bid last year to take over Dresdner and Dresdner's subsequent failed attempt to merge with Commerzbank.
cnnstudentnews.cnn.com /2001/BUSINESS/06/25/dresdner.reut   (389 words)

  
 Excellent results for Dresdner Bank Luxembourg S.A. in 2000
Dresdner Bank Luxembourg S.A. posted excellent results in 2000, thanks to the continuous optimisation of income-generating structures, a well-planned drive for qualitative growth and the ongoing development of its IT platform.
On the strength of this success, Dresdner Bank Luxembourg S.A. will, through the distribution of a total of 135 million euro for the year under review, be able to distribute an even higher dividend for 2000 than the dividend of 90 million euro distributed in 1999.
The marked increase in assets managed by Dresdner Bank Luxembourg S.A.’s fund administration unit is a reflection of the growth in the Luxembourg investment fund market.
www.dresdner-bank.lu /stat/en/corporate/presse_20010301.html   (566 words)

  
 FRB: Press Release -- Approval of notice of Dresdner Bank AG -- March 11, 1998
Dresdner, with consolidated assets of approximately $358.8 billion, is the second largest banking organization in Germany.
Dresdner also controls several subsidiaries that engage in various nonbanking activities in the United States.
Dresdner has stated that all the investments of Partnerships would be permissible for a bank holding company to make directly.
www.federalreserve.gov /boarddocs/press/bhc/1998/199803113   (1220 words)

  
 Business Objects Customers: Dresdner Bank
The accord is designed to reward banks that take the time to upgrade their risk management and information systems to meet its complex reporting requirements.
That's why Dresdner sought to implement a new technical architecture: one that could serve as a foundation for the development of analytic applications.
Additionally, Dresdner hopes to use BI to lower costly capital reserves, whereby positioning itself to take advantage of new opportunities to increase shareholder value.
www.businessobjects.com /company/customers/spotlight/dresdner.asp   (816 words)

  
 ipedia.com: Investment bank Article   (Site not responding. Last check: 2007-11-02)
Management of the bank's own capital is often one of the biggest sources of profit; for example the banks may arbitrage in huge scale if they see a suitable opportunity and/or they may structure their books so that they profit from a fall of bond yields (a rise of bond prices).
Because potential conflicts of interest may arise between different parts of a bank, the authorities that regulate investment banking (the FSA in the United Kingdom and the SEC in the United States) require that banks impose a Chinese wall which prohibits communication between equities research and equities sales.
This fusion of the banking and oversight role with fiscal policy was thought to be undesirably political, but inevitable if the US had no large investment banks.
www.ipedia.com /investment_bank.html   (500 words)

  
 RTÉ Business: Allianz and Dresdner Bank unveil merger terms
German insurance giant Allianz and Dresdner Bank yesterday unveiled the terms of a multi-billion-dollar tie-up which would create a new European financial powerhouse and help transform Germany's banking and insurance sectors.
That represented a 15% premium to the Dresdner Bank share price last Wednesday, the day before the merger talks were confirmed, and meant that the total value of the deal was an estimated 23 billion euros.
That was why it wanted to team with Dresdner Bank because the bank's branch network would provide a ready-made distribution channel for Allianz's mutual funds and insurance products at a time when Germany's private pension market is exploding.
www.rte.ie /business/2001/0402/banks.html   (394 words)

  
 albawaba.com middle east news information::Dresdner Bank marks 10th anniversary of local representative office in Dubai
Dresdner Bank, a 100%-subsidiary of Allianz, one of the world’s largest financial services providers, on 13 April 2005 celebrated another decade of success in the Middle East and Gulf region with the 10th anniversary of its local representative office in Dubai.
Also active in the region is Dresdner Kleinwort Wasserstein (DrKW), the investment bank of Dresdner Bank, which provides investment banking solutions that are tailored to meet the unique needs of clients and customers in the region.
Dresdner’s private banking activities in this region build on strong traditional relationships of trust and mutual respect and reflect the traditional values of discretion and confidentiality.
www.menareport.com /en/business/182531   (477 words)

  
 BBC News | BUSINESS | Dresdner Bank to cut 5,000 jobs
Germany's third largest bank Dresdner Bank is to cut 5,000 jobs in the next two to three years.
Dresdner currently has around 1,150 branches in Germany employing 50,660 people from which it is expected to cut 2,900 jobs.
Dresdner called off the $30bn merger on 5 April, as it accused Deutsche Bank of breaking their agreement by trying to sell off Dresdner Kleinwort Benson.
news.bbc.co.uk /1/hi/business/755018.stm   (428 words)

  
 FinanceAsia Article   (Site not responding. Last check: 2007-11-02)
All that is likely to be left is a single proprietary desk trading Dresdner Bank's own assets in the region and a rump group of corporate financiers serving a handful of lending relationships.
Moreover in Friday's announcement, it was revealed that Dresdner's present head of Asia, Baudouin Croonenberghs, will become a member of the executive committee responsible for the implementation of the restructuring of the old DKW team into Dresdner Bank.
Dresdner was recently bought by German insurance giant Allianz, which presumably looked at the business and saw not much in the way of profit was coming from Asia.
www.financeasia.com /Accessories/faPrintStory.cfm?objectID=EB69D553-7E97-11D5-81CF0090277E174B   (774 words)

  
 Merger of Deutsche Bank and Dresdner Bank   (Site not responding. Last check: 2007-11-02)
The management boards of Deutsche Bank AG and Dresdner Bank AG have agreed, subject to approval of their respective supervisory boards, to combine all of their business activities in a Merger of Equals.
The valuation of the two banks which is the basis of the exchange ratio in the business combination agreement suggests a relation of between 64% (Deutsche Bank AG) : 36% (Dresdner Bank AG) and 60% (Deutsche Bank AG) : 40% (Dresdner Bank AG).
The management boards of Deutsche Bank AG and Dresdner Bank AG have agreed with the management board of Allianz AG, that Allianz AG will take a minority stake in the retail bank.
www.deutsche-bank.de /ir/en/releases_775.shtml   (467 words)

  
 Chauvancy v Dresdner Bank AG. (2004 NY Slip Op 51225(U))
The job of Dresdner's (and other banks') traders is to manage the risks of the currency transactions; the job of the salespeople is to manage the firm's relationships with its clients.
Morriss was one of plaintiff's colleagues at Dresdner.
Dresdner, which had given plaintiff substantial bonuses on the basis of the profits that she had been generating, and which considered her "near the top" among her peers, promised BIS that it would investigate the matter.
www.courts.state.ny.us /reporter/3dseries/2004/2004_51225.htm   (1950 words)

  
 Commerzbank, Dresdner Bank mull joining forces
Dresdner has struggled to regain credibility after its planned merger with rival Deutsche Bank AG collapsed in April, leading to the resignation of Dresdner Bank's chief executive and other top managers.
Chief executives from Commerzbank and Dresdner Bank are not planning to meet this weekend to discuss a possible merger, contrary to some media reports, the source added.
Dresdner's key asset is its London-based investment bank, Dresdner Kleinwort Benson.
www.expressindia.com /fe/daily/20000618/fec18063.html   (627 words)

  
 Dresdner Bank AG --  Encyclopædia Britannica
It was established in 1872 in Dresden as Dresdner Bank, and in 1884 its main office was relocated to Berlin.
Banks drew on his hardscrabble childhood in working-class New England to tackle such difficult themes as rocky relationships between fathers and sons and racial...
A central bank is an institution, such as the Bank of England or the Federal Reserve System of the United States, that provides a number of...
www.britannica.com /eb/article-9031180?tocId=9031180   (661 words)

  
 Dresdner Bank releases Yukos documents   (Site not responding. Last check: 2007-11-02)
hen a serious bank publishes what it was forbidden by contract from revealing, this indicates that: one) it is severing all relations with its contractor, since it now considers the contractor's behavior to be unacceptable for continued business, and two) that it is attemping to salvage its reputation.
The Dresnder Bank (DKW) story has shown us that the russian government is ready to brush off their western partners, to ignore their opinion, to act exclusively according to their own concept of business.
After three bank closures in as many months -- each bigger than the last -- intervention and reassurance by the Central Bank was not enough to calm growing concerns that a full-fledged crisis was in the making.
www.freerepublic.com /focus/f-news/1249256/posts   (4467 words)

  
 Deutsche takes over Dresdner for $ 30 bn   (Site not responding. Last check: 2007-11-02)
Deutsche, Europe's largest bank, and German number three Dresdner said the job cuts were part of a drive to save up to 2.9 billion euros ($2.77 billion) per year as the two merge to form the world's largest bank with $1.2 trillion in assets.
The bank was positioning for international expansion, he said, implying it was ready to become a predator in the fast-consolidating banking market.
The banks said they would float their combined retail banking operations within three years and focus on the more profitable areas of private banking for wealthy individuals, corporate banking, investment banking and asset management.
www.expressindia.com /ie/daily/20000310/ibu10015.html   (830 words)

  
 Bloomberg.com: Top Worldwide   (Site not responding. Last check: 2007-11-02)
Dresdner Bank is Germany's fourth-biggest bank and is fully owned by Allianz AG, Europe's largest insurer.
Dresdner Bank last month revealed plans to eliminate 4,700 more jobs over the next two years, bringing total job cuts announced since May 2000 to 15,700, or 31 percent of Dresdner's workforce.
Dresdner is still planning to combine its transaction banking unit, which settles orders and trades for the bank and its clients, with that of one or more rivals, Walter said.
quote.bloomberg.com /apps/news?pid=10000006&sid=a4UPOUeKghfs&refer=home   (548 words)

  
 Cayman Net News: UBS buys Dresdner’s private bank division
Dresdner Bank Lateinamerika (DBLA) has sold its Private Banking division to Swiss UBS and will be closing its Cayman Islands branch at the end of September this year.
The corporate and investment banking activities in the Latin America division were not sold, but will be integrated into other European branches of Dresdner Bank.
He also expressed his confidence that the Dresdner Bank employees will be able to find other jobs in Grand Cayman, as skilled professional employees are in high demand in the financial services sector.
www.caymannetnews.com /2005/04/818/bank.shtml   (480 words)

  
 [No title]
A team of historians sponsored by Dresdner Bank engaged in intensive research to unearth the full extent of the darkest chapter of the bank's past.
Dresdner Bank -- founded in 1872 on the initiative of a Jewish entrepreneur -- is no exception.
"Dresdner Bank participated in many ways in the crimes of the Nazi era." Most notoriously, Dresdner financed, and owned a stake, in a construction company that built some of the crematoriums at the Auschwitz camp in Poland.
www.law.whittier.edu /downloads/holocaust/DRESDNER-BANK.doc   (1059 words)

  
 Success Story: Dresdner Bank NY - by Enara Technologies Inc.
Dresdner Kleinwort Wasserstein, the investment bank of Dresdner Bank AG and a member of the Allianz group, provides a full range of services to corporate, institutional and government clients worldwide.
The bank is headquartered on Wall Street, New York, and its North American operations extend throughout the continent with offices in Boston, Baltimore, New York, Chicago, Los Angeles, San Francisco, Toronto, and Mexico City.
Dresdner Bank also has significant operations in London, Frankfurt, and Tokyo and an international network of offices.
www.enarainc.com /dresdner.htm   (568 words)

Try your search on: Qwika (all wikis)

Factbites
  About us   |   Why use us?   |   Reviews   |   Press   |   Contact us  
Copyright © 2005-2007 www.factbites.com Usage implies agreement with terms.