Word: dresdner
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Situated in Berlin's elegant mitte district, the Hotel de Rome channels history. It was built in 1889, and its ornate stone edifice originally housed the headquarters of Germany's Dresdner Bank and, following World War II, the state bank of communist East Germany (D.D.R.). Although the austere D.D.R. officials resented the building's opulence, they couldn't afford its demolition and instead boarded over its mosaic stone floors and ornate molding, inadvertently preserving them for today's luxury traveler...
...That's because in the last 12 months, as the economy began to buckle under the housing crisis, some banks dropped out of Hollywood, including Merrill Lynch, Lehman Brothers, Deutsche Bank and Dresdner Kleinwort. Those sticking around are asking for more for their money. Now investors are demanding that studios lower their distribution fees, market their films with more discipline and, most importantly, stop cherry-picking the best films from their slates. In the earliest deals, studios withheld their biggest potential hits from the funds - Sony kept all earnings from its Spider-Man sequels, for example, while investors picked...
...Talks had been ongoing for months, but were hampered by Dresdner executives who knew that the merger could cost them their jobs. On the Dresdner management board, only CEO Herbert Walter backed the deal, and he will take a new job on the board of the new Commerzbank...
...Commerzbank and Allianz appeared to be moving closer to a deal, another obstacle emerged. The state-owned Chinese Development Bank signaled its interest buying Dresdner at a premium. Some Allianz shareholders, and Dresdner's insurgent executives, appear to have been pushing for a deal with CDB. But, according to German press reports, Allianz CEO Michael Dieckmann put out feelers in the German chancellery and found little sympathy for a deal with the Chinese...
...Commerzbank's purchase of Dresdner is the best solution for (Germany's) financial industry," said Otto Bernhard, a Christian Democratic parliamentary deputy and finance policy expert...