Word: dresdner
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...soon move into permanent quarters with a < staff of around 50, drawn initially from WestLB's West German employees. Says Dahne: "We expect to face the same competition here as in West Germany." That appears likely. Deutsche Bank will be opening 100 branches together with an East German partner. Dresdner Bank, which quickly set up an office in the city where it got its name, is expanding under the motto "Back to the Future...
...arrest came on June 6, when police seized Susanne Albrecht, 39, one of some two dozen R.A.F. members on West Germany's most wanted list. Albrecht, who is married to an East German scientist, is accused of taking part in the 1977 killings of Jurgen Ponto, chairman of the Dresdner Bank, and industrialist Hanns-Martin Schleyer. East German Interior Minister Peter- Michael Diestel said the arrests provided evidence of a "devilish connection" between the R.A.F. and the Stasi -- a connection that is now certain to be further investigated...
...long-simmering financial scandal. After two years of investigation, Bonn Public Prosecutor Franzbruno Eulencamp announced that his office planned to indict Economics Minister Count Otto Lambsdorff on charges of bribery and corruption. Also accused were former Economics Minister Hans Friderichs, now chairman of West Germany's second-ranking Dresdner Bank, and three other officials. Eulencamp asked the Bundestag to lift the immunity Lambsdorff enjoys as a member of parliament. Despite strong expressions of support for Lambsdorff from Kohl and his Cabinet, the Bundestag did just that, making a formal presentation of the charges possible...
...bitter and frustrating delays, Western bankers and representatives of the Polish government finally signed an agreement last week that permitted Poland to stretch out the payment of $2.4 billion in loans, which were actually due last year. The solemn signing at the glass-and-aluminum-sheathed headquarters of the Dresdner Bank in Frankfurt removed one obstacle to the start of talks on extending the deadline on $4.6 billion that Poland is scheduled to repay banks and governments this year...
...goes to West German financial institutions, which are owed at least $2.7 billion. The largest single lender is the Bank für Gemeinwirtschaft, with a total of about $310 million in Polish credits outstanding, followed by three other German banks with $180 million or more each. Hans Friderichs, Dresdner Bank's chairman, recently conceded that his bank was setting up a contingency fund against the possible write-off of part of its Polish and other weak loans...