Job cuts at Germany's banks suggests their bid to become global financial players has failed
The ad could read something like this: 'Investment bank for sale. Collection of prestigious names attached. Some wear and tear. All offers considered.'' Michael Diekmann, chief executive-designate of Allianz, Europe's largest insurer, has not placed it yet. It is a fair guess, though, he is working on the wording. If it is not already on the market, Allianz's investment bank unit, Dresdner Kleinwort Wasserstein, may soon be. 'The aim is to make some of Dresdner's businesses interesting for partnerships and joint ventures, and I am referring in particular to the investment bank,'' D...
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