Unions remain opposed to Commerzbank-Dresdner

Article Abstract:

Labor unions remain unconvinced about the proposed merger between Commerzbank AG and Dresdner Bank AG. Commerzbank's chairman, Martin Kohlhaussen, has had difficulty in persuading the unions about the planned deal.

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Dresdner Bank plans to acquire Lombardkasse

Article Abstract:

Dresdner Bank AG announced that it will purchase Lombardkasse, a securities bank based in Germany. The deal will strengthen Dresdner's position in the securities settlement transaction market.

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Halifax merger is applauded

Article Abstract:

Halifax Group PLC's merger with Bank of Scotland PLC has been applauded by analysts and investors. The merger is valued at 11.1 billion pounds (17.85 billon euros).

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