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Reuters :: Top News

Commerzbank to buy Dresdner for $14.5 billion


FRANKFURT (Reuters) - Commerzbank aims to cut almost 2 billion euros ($2.95 billion) in costs by slashing 9,000 jobs and paring laggard investment bank Dresdner Kleinwort after swooping in to buy Dresdner Bank, it said on Monday. <p><a href="http://feeds.reuters.com/~a/reuters/topNews?a=1WWKjU"><img src="http://feeds.reuters.com/~a/reuters/topNews?i=1WWKjU" border="0"></img></a></p><div class="feedflare"> <a href="http://feeds.reuters.com/~f/reuters/topNews?a=9XamVL"><img src="http://feeds.reuters.com/~f/reuters/topNews?i=9XamVL" border="0"></img></a> <a href="http://feeds.reuters.com/~f/reuters/topNews?a=rfAlBl"><img src="http://feeds.reuters.com/~f/reuters/topNews?i=rfAlBl" border="0"></img></a> <a href="http://feeds.reuters.com/~f/reuters/topNews?a=v4Yxsl"><img src="http://feeds.reuters.com/~f/reuters/topNews?i=v4Yxsl" border="0"></img></a> </div><img src="http://feeds.reuters.com/~r/reuters/topNews/~4/380287961" height="1" width="1"/>


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