Dresdner reorganizes risk units

Article Abstract:

Dresdner Bank AG, Germany's third largest bank, is restructuring its risk management in order to prevent catastrophic losses. The move is seen as a reaction to the near financial failure of the Long-Term Capital Management hedge fund which caused a loss of $142 million to Dresdner Bank. The new structure, which includes the formation of a new department, will make total and individual risk components more apparent. Many other banks are involved in similar efforts.

Financial management, Abstract, Dresdner Bank AG (Frankfurt, Germany)

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Deutsche Bank confirms plan to reorganize into two units

Article Abstract:

Deutsche Bank AG acknowledged that it was planning to conduct a reorganization of itself into two units. The bank will center its operations around its investment banking and asset management businesses.

Deutsche Bank AG, DTBKY

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Dresdner Bank chief to unveil strategy

Article Abstract:

This article discusses the reorganization plans of Germany's Dresdner Bank. Chairman Bernd Fahrholz was expected to announce job reductions and the closing of 26% of the bank's retail branches.

United States, Dresdner Bank AG

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