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

---

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

---

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.

Similar abstracts:

• Abstracts: Euroclear plans new bank to run house operations. Almanji chairman dismisses speculation of a KBC merger. Dexia stock is expected to surge
• Abstracts: Bayer anticipates stagnant sales in 1999. Bayer's operating earnings fell 45% in second quarter. Sales at Bayer fell 2.6% in 1999, but net rose 24%
• Abstracts: Flight information system. Control services. Finland finished upgrade programme
• Abstracts: Earnings increased in third quarter at drug companies. Drug makers' results offer hope, but investors demur
• Abstracts: Lower commissions sent SEB's profit down in 1st quarter. Handelsbanken has higher earnings, plans a buyback. Profit increases at Handelsbanken as web use rises

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.