Deutsche, Dresdner call off merger
Deutsche Bank and Dresdner Bank have called off merger talks with "immediate effect", ac-cording to Dresdner Bank.
Deutsche Bank and Dresdner Bank have called off merger talks with "immediate effect", ac-cording to Dresdner Bank.
Shares in Deutsche Bank, Dresdner Bank and the insurance giant Allianz have been suspended from trading on the Frankfurt stock exchange, the company which operates the German stock market, Deutsche Boerse. Allianz is a major shareholder in both banks.
German newspapers reported yesterday that tension between the two banks over the fate of Dresdner's investment banking unit, Kleinwort Benson, had put the planned tie-up in jeopardy.
Deutsche Bank and Dresdner Bank had announced last month that they were joining forces to create the biggest bank in Europe and one of the biggest financial forces in the world.
Recommended for you
Wealth Data has revealed the top five licensees for financial adviser growth over the September quarter, with more than 150 advisers joining in Q3 overall.
Former Sydney financial adviser, David Valvo, has pled guilty in court to a charge of dishonest conduct.
Building a network of mentors and coaches with varied skill sets could help women achieve their career goals, according to an FBAA executive.
AMP has reported its Q3 results and provided a progress update on the divestment of its advice division to Entireti.