Reuters Business Summary
September 8, 2008 by admin · Leave a Comment
Reuters Business Summary
Fannie and Freddie shares dive, debt rallies NEW YORK - Fannie Mae’s and Freddie Mac’s stocks took a dive while their debt soared Monday, as investors bet the U.S. government’s takeover of the mortgage finance firms would wipe out shareholders but fully guarantee their bonds. Equity markets around the world surged on the bailout news as hopes rose that the U.S. Treasury’s …
Commerzbank to Buy Dresdner Bank for EU9.8 Billion (Update2) - Bloomberg
September 1, 2008 by admin · Leave a Comment
Commerzbank to Buy Dresdner Bank for EU9.8 Billion (Update2) - Bloomberg
Sept. 1 (Bloomberg) — Commerzbank AG agreed 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, leapfrogging Deutsche Bank AG by customers and branches. Commerzbank
