Deutsche Bank targets France for expansion

Article Abstract:

Germany's Deutsche Bank AG has recently made three large deals with firms in as many countries. Most recently, the financial institution bought France's Credit Lyonnais SA for $594 million. This was precluded by the formation of a joint venture with Nippon Life Insurance Co. of Japan, and the purchase of Bankers Trust Corp. in the United States for $10.1 billion. The bank's recent activities show its commitment to expansion.

Japan, France, Life Insurance, Direct Life Insurance Carriers, Insurance industry, Life insurance industry, Credit Lyonnais, Nippon Life Insurance Co.

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Deutsche Bank AG to buy Bankers Trust in $9.5 billion deal

Article Abstract:

Deutsche Bank AG is expected to announce that it is acquiring Bankers Trust Corp. in a $9.5 billion agreement. The transaction will create the largest financial services entity in the world. The merged institution would have over $800 billion in assets. The deal will also be the largest trans-Atlantic banking sector purchase ever. Deutsche's board of directors have given their approval to the deal. The merged entity would surpass UBS AG of Switzerland's asset worth of $789 billion.

Comment:

Deutsche Bank AG expected to announce it is acquiring Bankers Trust in a $9.5 billion agreement

Foreign operations

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