Word: banking
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...merger of Commerzbank and Dresdner Bank, the biggest banking deal in Germany in a decade, was met with anything but a show of confidence by investors...
...After months of behind-the-scenes negotiations, a last-minute interference run by a state-owned Chinese bank, and a minor rebellion among Dresdner executives certain to get axed in the wake of a deal, Commerzbank overcame the odds and agreed to acquire Dresdner for $14.5 billion from its owner, insurance giant Allianz...
...combination of Germany's second- and third-largest banks creates the country's No. 2 bank with $1.46 trillion in assets, half the size of the nation's market leader, Deutsche Bank. In terms of retail customers in Germany, the newly enlarged Commerzbank is now the leader in German retail customers, with 11 million compared to Deutsche's 9.7 million...
...With that, Nagin declared a mandatory evacuation that began at 8 a.m. Sunday for residents living on the west bank of the Mississippi River, and at noon for all other residents. And for the first time in history, Jefferson Parish President Aaron Broussard has called for a mandatory evacuation for the east bank of Jefferson Parish just outside of the New Orleans city limits...
CONDOLEEZZA RICE, U.S. Secretary of State, saying a rise in Israeli construction in the West Bank undermines efforts to foster peace between Israelis and Palestinians...