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Dresdner unit plans big cuts in operations

Article Abstract:

Dresdner Kleinwort Wasserstein intends to cut staff and operations outside Europe. The company is about to roll out a restructuring plan that will cut back activities outside of its core German and U.K. markets, concentrating on New York, Tokyo, and Hong Kong. The plan includes cutting more than 1,000 jobs.

United States, Labor force information, Hong Kong, New York

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DGBank tires to salvage plan for overseas operations

Article Abstract:

Deutsche Genossenschafts Bank is attempting to hold on to plans to restructure its foreign operations after its failed merger discussions with Rabobank N.V. The bank will increase its focus on investment banking.

Deutsche Genossenschafts-Hypothekenbank AG

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Dresdner Kleinwort may cut operations in Japanese equities

Article Abstract:

Dresdner Kleinwort Wasserstein will reduce its equities business in Japan as part of a restructuring plan. The company is planning to focus its energies more on Europe.

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