Dresdner Kleinwort (Bad credit mortage) boss Stefan Jentzsch first out in
| Dresdner Kleinwort boss Stefan Jentzsch first out in Commerzbank cull - Times Online Dresdner Kleinwort's chief executive became the first casualty yesterday of the takeover of the Dresdner empire by Commerzbank, the German giant. Stefan Jentzsch told staff at the investment bank that he will step down at the start of next year. Mr Source: business.timesonline.co.uk Government attempts to offset credit crisis met with cynicism - Times Online A big majority of the public believes that the main measures expected to be announced by Gordon Brown to help housebuyers and bad credit mortage to offset high fuel bills will make little or no difference to them and bad credit mortage their families. A new Populus poll for The Times Source: www.timesonline.co.uk Gustav hits U.S. economy - CNN Money NEW YORK (CNNMoney.com) -- Hurricane Gustav hit the U.S. Gulf Coast on Monday with far less force than Hurricane Katrina did three years ago, but its economic bite could be worse as it hits a national economy that is far weaker than the one battered Source: money.cnn.com UPDATE1-US Fed's response to crisis hurt its key role - Hoenig - Reuters WASHINGTON, Sept 1 (Reuters) - In aggressively responding to the year-long credit crisis in the United States, the Federal Reserve has threatened its key responsibility of combating inflation, one of its leaders said on Monday. "The current stance of Source: www.reuters.com Commerzbank Drops Most Since 2002 After Dresdner Deal (Update1) - Bloomberg Sept. 1 (Bloomberg) -- Commerzbank AG dropped the most in almost six years in Frankfurt trading after agreeing to buy Allianz SE's Dresdner Bank for 9.8 billion euros ($14.4 billion) in the biggest financial-services takeover in Europe this year Source: www.bloomberg.com The Problem Commerzbank-Dresdner Can't Solve - BusinessWeek Commerzbank s ( CBKG.F ) $14.4 billion purchase of Dresdner Bank from insurer Allianz ( AZ ) makes perfect sense, but won t do much to solve the underlying problem facing private-sector banks in Germany, namely competition from savings banks that Source: www.businessweek.com Tour of Spain stage three provisional result - ESPN.com Sept 1 - Provisional result after the 168-km third stage of the Tour of Spain from Jaen to Cordoba on Monday 1. Tom Boonen (Belgium / Quick-Step ) 4hrs 25mins 24secs" 2. Daniele Bennati (Italy / Liquigas ) Same time 3. Erik Zabel (Germany / Milram Source: sports.espn.go.com |