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Brief: Deutsche and Dresdner in transaction banking ops merger - BoersenZeitung

14 May 2002  |  3060 views  |  0 Brief: Deutsche and Dresdner in transaction banking ops merger - BoersenZeitung

Deutsche Bank has signed a letter of intent with Dresdner Bank's Allianz unit to merge its payment transaction banking operations in an attempt to cut costs, according to a report in financial broadsheet BoersenZeitung.

The BoersenZeitung report says talks between the two companies are still at a very early stage and full details of the 50:50 joint venture will be finalised over the next six months.
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