Banking Times: Daily Banking News (Free subscription) | 07/10/2008
Landesbank Baden-Württemberg (LBBW) New York Branch has announced the appointment of Robert S. Boyd as the new treasurer, with immediate effect. In addition to this Boyd will also become the new president and chief executive officer of LBBW Securities, LLC. He joins the firm from Dresdner Kleinwort NY where he worked for over six years as a [...]
Anorak News (Free subscription) | 01/10/2008
This afternoon, as reported in the Newy York Times, the money markets ceased to exist. “The money markets have completely broken down, with no trading taking place at all,” said Christoph Rieger, a fixed-income strategist at Dresdner Kleinwort in Frankfurt. “There is no market any more. Central banks are the only providers of cash to the [...]
Winchester whisperer (Free subscription) | 01/10/2008
Dresdner Kleinwort's construction analysts have been touring property agents and consultants in Birmingham, Manchester, Leeds and Sheffield. The six leading property agents in Leeds have sold 6 new apartments between them in the last two months. Barratt in Yorkshire is offering discounts of up to 43% on bulk buys of at least 5 units. In all four cities, agents spoke of massive over-supply of apartments;...
theRatandMouse (Free subscription) | 01/10/2008
(Offer good in selected regions only.) The story is that City analysts Dresdner Kleinwort have seen documents traced back to Barratt's Yorkshire East offices offering discounts of up to 43%. More here. Technorati Tags: property, real estate...
SOCIALISM OR YOUR MONEY BACK (Free subscription) | 01/10/2008
The depth of the malaise facing the UK housing market was amplified by a research note by Dresdner Kleinwort. This follows the revelation that mortgage approvals from August this year were 98 per cent lower than at the same time the previous year. Dresdner has been researching the situation in the midlands and north of England, stating: "We believe quoted housebuilders could be forced to issue
The Big Picture (Free subscription) | 30/09/2008
"The money markets have completely broken down, with no trading taking place at all. There is no market any more. Central banks are the only providers of cash to the market, no-one else is lending.'' -Christoph Rieger, a fixed- income strategist, Dresdner Kleinwort. > The London interbank offered rate reached an all time high yesterday on the failure of the bailout plan, and the market sell off. What...
Calculated Risk (Free subscription) | 30/09/2008
"The money markets have completely broken down, with no trading taking place at all. There is no market any more." Christoph Rieger, Dresdner Kleinwort in Frankfurt, Sept 30, 2008From Bloomberg: Libor Surges Most on Record After U.S. Congress Rejects Bailout The London interbank offered rate, or Libor, that banks charge each other for such loans climbed 431 basis points to an all-time high of
Market Watch (Free subscription) | 11/09/2008
LONDON (MarketWatch) -- Dresdner Kleinwort downgraded Bank of Ireland to sell from reduce and Allied Irish Banks to sell from hold on Thursday. "Greatly increased concerns over residential developer exposure have led us to raise out provisions forecasts and reduce our earnings estimates by 25% to 50%," the broker said. They added that both Bank of Ireland and Allied Irish Banks now look short on capital...
The Economist (Free subscription) | 04/09/2008
Commerzbank’s purchase of Dresdner holds lessons for other dealmakers NOT so long ago, staff at Dresdner Kleinwort, the investment-banking arm of Dresdner, a German bank, used to refer to Commerzbank, a rival, as “Comedy bank”. No one is laughing now. On August 31st Allianz, an insurer, gave up the struggle to make anything of its 2001 purchase of Dresdner and sold the bank to Commerzbank for €9.8...
DealBook (Free subscription) | 03/09/2008
High-ranking bankers at Dresdner Kleinwort are said to be considering a management buyout of the London investment bank after Commerzbank agreed to buy its parent, Dresdner Bank, for 9.8 billion euros from Allianz ($14.2 billion), The Deal reported. Meanwhile, potential suitors are reportedly considering offers for part of the investment bank’s operations. On Monday, Dresdner’s new owner [...]
Reuters UK (Free subscription) | 03/09/2008
(Reuters) - Brokerage Collins Stewart is mulling an acquisition of the UK advisory, capital markets and equity trading businesses of Dresdner Kleinwort, the Financial Times said, citing people familiar with the matter.
The Telegraph (Free subscription) | 03/09/2008
Commerzbank is considering retaining the illustrious Kleinwort Benson brand for its UK private banking activities but will ditch the Dresdner Kleinwort name as part of the agreed €9.8bn (£7.9bn) takeover of its German rival.
Financial Time (Free subscription) | 03/09/2008
As Commerzbank's plans for the acquisition of Dresdner Bank – and its investment banking franchise Dresdner Kleinwort – take shape, potential buyers for the respected British core of that franchise are emerging
Financial Time (Free subscription) | 02/09/2008
One of London's most historic banking names – Kleinwort's – faces extinction from the world of investment banking
Commercial Insurance Knowledge (Free subscription) | 02/09/2008
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. Bookmark To:
