Allianz Bank to keep Dresdner KB - papers 26 July

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The FT says Dredsner Kleinwort is to be integrated into the Allianz Group after the takeover of Dres...

The FT says Dredsner Kleinwort is to be integrated into the Allianz Group after the takeover of Dresdner Bank. The initial plan was to keep the investment bank as a separate legal entity and to float it in three years, however, Allianz has decided to create a division combining its corporate banking business with its investment banking operations in a structure comparable to Deutsche Bank's. The corporate branch's integration was cause for the collapse of previous merger plans between Dresdner and its rival, Deutsche Bank. Vodafone has promised a review of its executive pay s...

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