View more on these topics

New round of German bank merger talks

Two of Germany&#39s largest banks have confirmed they are in merger discussions.

Dresdner Bank and Commerzbank, the nation&#39s third and fifth largest banks respectively, are reviving merger talks in what is commonly seen as Germany&#39s overcrowded finance sector.

The move follows the collapse in talks earlier this year between Dresdner and competitor Deutsche Bank.

If successful the new entity would be Germany&#39s second largest private bank, with a market value of £13bn.

Commerzbank chief executive Martin Kohlhaussen has approached his counterpart Bernd Fahrholz. It is believed he has encountered some reluctance because Dresdner wants to time to sort itself out after its failed bid with Deutsche.

The German life office Allianz would likely play a major role in any move, given that it holds a 22 per cent share in each bank.


Unqualified staff could open huge can of worms

I hope the idea of putting everything into a decision tree does not catch on.I have been trying to draw up my own decision tree for deciding thesubjects which I write about in my Money Marketing column. Unfortunately,most of the branches seem to end up in a box marked: Why not go down thepub?Come to […]

Apcims picks new chairman

The Association of Private Client Investment Managers and Stockbrokers haspicked its new chairman.Capel-Cure Sharpe managing director Mike Jones succeeds Greig Middletondep-uty director Michael Read, who has been chairman for three years.Apcims, which is celebrating its 10th anniversary, has grown from being aluncheon club to a respected trade body for the stockbroking industry.It has led the […]

NU blunders with fund comparison literature

Norwich Union has been accused of supplying IFAs with false informationabout charges on competitors&#39 products.In literature advertising NU&#39s high-yield bond Isa, the life officecompared interest rates and charges with rivals.It claims Scottish Widows high-income bond is offering a 9.22 per centreturn with a 5 per cent initial charge and annual charge of 1.5 per cent.The […]

Rechabite starts recruitment drive

Rechabite Friendly Society is aiming to attract more teetotal investors.Members will be speak to churches and social groups about the “financialand social benefits of membership”.Anyone interested in becoming a member of the society must have abstainedfrom alcohol for at least two years.The Manchester-based friendly is one of the oldest in the country and has23,000 members.Members […]

Is this the endgame for the current mergers & acquisitions boom?

Last year, worldwide mergers and acquisitions (M&A) rose to an unprecedented $4.7tn, according to Thomson Reuters, a 41 per cent increase over 2014. Anthony Forcione, senior equity analyst at Loomis Sayles, an affiliate of Natixis Global Asset Management, looks at what’s been driving this particular wave of mergers. Click here to view full article: Loomis-Sayles


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm