Deutsche Bank plans to build French branches

Article Abstract:

Deutsche Bank AG expressed plans to build a French banking unit after the bank had been unsuccessful in locating a French partner. Deutsche Bank expects the unit will have 10 branches with about 150 employees. The unit will offer traditional banking services, and banking by phone, and by computer. Though the bank had hoped for a merge, and still hopes for one, it plans to pursue this new venture in its larger plan to offer services in most of Europe. Already, the bank has agreements with a Spanish insurance company, the Spanish post office, Unicredito and Banca Commerciale Italiana. Deutsche Bank also acquired a subsidiary of Credit Lyonnais, based in Belgium.

Italy, Commercial Banks, Commercial Banking, Asset sales & divestitures, Acquisitions & mergers, France, Alliances, partnerships, Banking industry, Mergers, acquisitions and divestments, Joint ventures, Deutsche Bank AG, UniCredito Italiano, Credit Lyonnais, Banca Commerciale Italiana S.p.A. (Milan, Italy)

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Opel won't close plants or fire staff in its restructuring

Article Abstract:

Adam Opel AG has reached a deal with its labor force to not shutdown any plants or layoff any employees. The car maker has been discussing a deal for its comprehensive restructuring plan.

Motor Vehicles & Parts, Transportation Equipment Manufacturing, Personnel administration, Motor Vehicles and Equipment, Human resource management, Transportation equipment industry, Opel AG

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