Latest Germany Headlines
All the headlines from our Germany Topic Page, ordered by recency.
Allianz To Purchase Dresdner Bank For $20 Billion
Apr 2 2001 // After a week of intensive negotiations, Allianz AG and Dresdner Bank, announced an agreement to join forces to create the Germany’s largest financial institution. The boards of both companies approved the merger plan...
Allianz Confirms Dresdner Talks – Deutsche Bank and Commerzbank Watch and Wait
Mar 30 2001 // “Allianz and Dresdner Bank confirm strategic talks concerning the creation of a leading integrated financial services provider for insurance, investment and banking services. The talks are in an advanced stage, but...
Allianz, Munich Re Near Agreement on Bank Takeover, Share Swap
Mar 29 2001 // The German banking and insurance sector, like a volcano that has long been threatening to erupt, may finally explode this weekend. Two of the world’s largest insurance groups, Allianz AG and Munich Re are reportedly...
Allianz In Talks With Merrill Lynch
Mar 26 2001 // According to a report in Germany’ Der Spiegel Magazine, Allianz AG officials have held talks with financial giant Merrill Lynch aimed at establishing a cross selling arrangement between the two companies in the U.S....
Struggle Continues Over Payment of Holocause Claims
Mar 26 2001 // The Western world is haunted by the specter of the German government killing millions upon millions of Jews (and others) in concentration camps. I couldn’t sleep when I first saw the pictures in the 1950s. My...
AXA Net Operating Profit Up 21.2% At $2.07 Billion
Mar 15 2001 // France’s AXA announced results slightly above analysts’ forecasts on Wednesday, stating: “Net income rose 21.2% to an all-time high of Euro 2,261 million {$2.07 billion} from Euro 1,865 million {$1.706...
Paying for Holocaust Insurance Claims
Mar 5 2001 // The Western world is haunted by the specter of the German government killing millions upon millions of Jews (and others) in concentration camps. I couldn’t sleep when I first saw the pictures in the 1950s. My...
Frankel Escape Attempt As Extradition Nears
Mar 1 2001 // According to a report in the Associated Press fugitive financier Martin Frankel attempted to escape from the German prison where he is awaiting extradition to the U.S. by sawing through the bars of his cell. Alerted by a...
Concorde May Fly Again, Despite Lawsuits by Grieving Passenger Families
Feb 5 2001 // Last summer’s tragic Concorde crash continues to produce heartache as the lawsuits multiply and negotiations break down. Settlement talks between the lawyers for the victims’ families and Air France and its...
Concorde May Fly Again, Despite Multiplying Lawsuits
Jan 29 2001 // Last summer’s tragic Concorde crash continues to produce heartache as the lawsuits multiply and negotiations break down. Settlement talks between the lawyers for the victims’ families and Air France and its...
Judge’s Dismissal of U.S. Lawsuits Conditioned on Holocaust Payments
Dec 12 2000 // U.S. Judge Michael Mukasey ordered a conditional dismissal of lawsuits brought by Holocaust survivors and their families against several German insurers, who have failed to pay claims from Nazi-era insurance policies. The...
Allianz To Strengthen European Fund Management Business
Dec 4 2000 // A report in London’s Financial Times highlights the plans of Germany’s Allianz to increase its fund management business in Europe, as a “third pillar” to go with its life and general insurance...
Germans Agree To Frankel Extradition
Dec 4 2000 // Fugitive financier Martin Frankel’s days in Germany may be numbered. Ten days after a German court denied his appeal of his convictions for possessing false passports and diamond smuggling, German authorities have...
Frankel Loses German Appeal
Nov 23 2000 // A German Federal court denied fugitive financier Martin Frankel’s appeal of a three year sentence from his conviction on charges of smuggling diamonds and possessing false documents. Frankel, who is accused of...
Holocaust Claims: Generali To Pay $100 Million, ICHEIC Finds German Policies
Nov 17 2000 // Several important developments were reported following a recently concluded two-day meeting in Rome of the International Commission for Holocaust Era Insurance Claims (ICHEIC). Commission Chairman Lawrence Eagleburger, a...
Court OK’s Commerzbank/Generali Deal
Sep 26 2000 // A German court cleared the way for Commerzbank to strengthen its cross holdings with Italy’s largest insurer, Assicurazioni Generali, by issuing additional shares, which will double its stake in Germany’s 4th...
Generali To Increase Stake in Commerzbank
Sep 4 2000 // Italian insurance giant Generali announced that it plans to practically double its current stake in Germany’s Commerzbank, from 5.2 percent to 10 percent. The move was seen by analysts as a way of protecting the...
Germany Produces Electronic Signature Bill
Aug 16 2000 // The German cabinet unveiled on Wednesday a draft bill to develop a standard for electronic signatures in Internet commerce. The move is in step with a European Union initiative and follows the EU’s approval of a...
German Insurers Handed Holocaust Deadline
Aug 2 2000 // Hevesi has given two German reinsurers an Aug. 21 deadline to explain how they will ensure the fair handling of Holocaust claims if they refuse to join an international restitution panel, according to a Reuters news...
German Insurers May Join Holocaust Panel
Jul 25 2000 // German insurers might now become members of an international Holocaust claims panel through their industry association, a Jewish advocacy group was reported as saying by Reuters news service Monday. The move could help...
