Word: dresdner
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Dates: during 1950-1959
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...agreements with France's Renault and Germany's N.S.U. Daimler-Benz (Mercedes) is negotiating with Peugeot, and France's Conord (household appliances) has already established a subsidiary in Cologne. Even commercial banks are getting into the act: France's Credit Lyonnais and Germany's Dresdner Bank have exchanged 50 employees as part of a training scheme...
...Three. To finance industrial reconcentration, many West German banks have gone down the reconcentration path themselves. Last September the last of the Big Three commercial banks, the Commerzbank, linked its semi-independent units into one big house; Deutsche and Dresdner banks, the other members of the Big Three, did the same two years...
GERMAN BANK TRUSTS, splintered into 30 postwar regional units by Allied decartelizers, are rapidly consolidating, with two biggest pre-1947 trusts leading way. Successors to Deutsche Bank Group (assets: $1.8 billion) have voted to unite, and successors to Dresdner Bank-Group (assets: $1.2 billion) will vote to combine this month...