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German Banks Avoid Swirl of Transactions.

Authors :
Landler, Mark
Source :
New York Times. 8/10/2004, Vol. 153 Issue 52937, pW1-W7. 999p. 1 Color Photograph.
Publication Year :
2004

Abstract

Reports on the implications of the decision of Commerzbank to cancel talks to buy BHF-Bank, a small bank based in Frankfurt, Germany. Reasons for deciding not to pursue the merger; Inability to offset the cost of laying off redundant employees through the acquisition of BHF-Bank customers; Opposition of layoffs from employees and some senior executives.

Details

Language :
English
ISSN :
03624331
Volume :
153
Issue :
52937
Database :
Academic Search Index
Journal :
New York Times
Publication Type :
News
Accession number :
14406189