Dresdner out in the cold as Deutsche merger collapses

06 Apr 2000

Dresdner Bank’s withdrawal from its merger with Deutsche Bank sent shockwaves through investment banking arm Dresdner Kleinwort Benson this week as bankers were left questioning the future of the business.

Although the merger foundered on Deutsche's desire to sell DKB, few bankers were ready to celebrate their renewed independence and many are rapidly losing faith in Dresdner's Vorstand. And while Dresdner CEO Bernhard Walter's resignation yesterday (Thursday) was expected after the merger debacle, more damaging to DKB's future ...

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