Business Week: Deutsche Bank Eyeing U.S. Investment Firms.Business Editors NEW YORK--(BUSINESS WIRE)--March 17, 2000 Following the Mar. 9 merger of Germany's Deutsche Bank Deutsche Bank AG (IPA: /'dɔɪ.tʃə/[1]) (ISIN: DE0005140008, NYSE: DB) (English: German Bank and Dresdner Bank Dresdner Bank AG is one of Germany's largest banking corporations and is based in Frankfurt. History 19th century Dresdner Bank was established on 12 November 1872 through the conversion of financial institution Michael Kaskel. , speculation emerged that the new banking giant may try to buy a major U.S. investment bank. A Dresdner director tells Business Week "it's it's 1. Contraction of it is. 2. Contraction of it has. See Usage Note at its. it's it is or it has it's be ~have obvious that they'll do that." Deutsche Bank is eyeing Wall Street's three top brokers-Merrill, Goldman, and Morgan Morgan, American family of financiers and philanthropists. Junius Spencer Morgan, 1813–90, b. West Springfield, Mass., prospered at investment banking. Stanley-as well as PaineWebber, the Dresdner source says. Merrill is the top choice, though Deutsche worries that Merrill's London unit may not be a good fit with Deutsche's London unit. Deutsche views PaineWebber as a better fit but is worried it may not supply the critical mass it seeks in the U.S., the source tells Business Week. |
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