The supervisory boards of insurer Allianz and Commerzbank are meeting separately amid mounting speculation about the fate of the Allianz's Dresdner Bank unit.
Allianz has confirmed that its supervisory board was to meet Sunday, but has not provided any detail on the agenda. Commerzbank says its supervisory board is to meet later in the day. Allianz has reiterated that talks on the future of its Dresdner Bank unit are "advanced" but says a deal is not yet certain amid speculation that a sale to German Dresdner Bank Employees Said to Favor Chinese Bosses ...
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Commerzbank could soon be sealed.
(Deutsche Welle)
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