Toward Integration: Dresdner Bank

Global Finance, Summer 2001 | Go to article overview

Toward Integration: Dresdner Bank


Germany's third-largest bank after Deutsche Bank and Baverische Hypotheken and Vereinsbank (HypoVereinsbank), Dresdner has 1,goo branches in 70 countries and employs so,ooo people. In May Dresdner Bank still was merging with Allianz, the insurer that already owns 20% of Dresdner.

Dresdner's online services include corporate finance, equity sales, and asset management, in addition to its core lending and deposit activities. In 2000 it had plans to merge with Deutsche Bank to increase its global reach, but the deal was canceled after Deutsche Bank voiced concerns with investment arm Dresdner Kleinwort Benson. Instead, Dresdner acquired Wasserstein Perella Group - one of the leading US mergers and acquisitions firms - and formed Dresdner Kleinwort Wasserstein. The deal was completed in January 2001. As of December 2000, Dresdner's total assets were $423 billion.

The bank's management is strongly committed to "integration of the Internet with traditional business models," according to Dresdner's Business Report 2000, a strategy the bank will pursue in closing a quarter of its total branches. For the corporate market Dresdner board member Leonhard H. Fischer foresees the "creation of highperformance trading platforms and new e-business structures."

Dresdner serves private and corporate customers via separate Web sites. For private customers, e-services include home banking, credit card and deposit management, credit applications, and information about home loans. Services for business clients include international financial planning and management, lending, brokerage, and market analysis, among others.

From Dresdner's home page, www. dresdner.de (an English version exists as well at www.dresdner-e.com), private and corporate customers are directed to individual URLs for the difference e-services offered.

CONSUMER E-SERVICES

Private customers can open and manage bank accounts online and can also access their deposits online, apply for credit, or get suggestions about tax-efficient investments. Many of Dresdner's "advisory services," which it uses to educate customers, are also available online, as well as examples of how the financial analysis is structured. In addition, customers can obtain general information, such as status of home loans, via email.

Dresdner's subsidiary Advance Bank has 240,000 customers, all of whom manage their portfolios and checking accounts online.

Integrated in Advance Bank's services is Dresdner Brokerage. Last year Dresdner relaunched its platform for fund evaluation and trading; www.dit.de is aimed at the private customer and currently offers information on 130 funds. However, these funds can only be purchased at tellers in the branches.

CORPORATE E-SERVICES

Dresdner's business customers and institutional clients can directly manage their accounts online for accessing information and making international payments, use e-billing, or trade securities. There are four portals for businesses and institutional clients: the global e-business hub Onlinemarkets.com, the European trading service Bestconnect, the corporate financial portal site Firmenfinanzportal.de, and the B2B-platform Allago.de.

Onlinemarkets.com is the hub of Dresdner's e-business activities and a direct subsidiary of Dresdner Kleinwort Wasserstein (DrKW).

The rest of this article is only available to active members of Questia

Sign up now for a free, 1-day trial and receive full access to:

  • Questia's entire collection
  • Automatic bibliography creation
  • More helpful research tools like notes, citations, and highlights
  • Ad-free environment

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

Toward Integration: Dresdner Bank
Settings

Settings

Typeface
Text size Smaller Larger
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Full screen

matching results for page

Cited passage

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited passage

Welcome to the new Questia Reader

The Questia Reader has been updated to provide you with an even better online reading experience.  It is now 100% Responsive, which means you can read our books and articles on any sized device you wish.  All of your favorite tools like notes, highlights, and citations are still here, but the way you select text has been updated to be easier to use, especially on touchscreen devices.  Here's how:

1. Click or tap the first word you want to select.
2. Click or tap the last word you want to select.

OK, got it!

Thanks for trying Questia!

Please continue trying out our research tools, but please note, full functionality is available only to our active members.

Your work will be lost once you leave this Web page.

For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

Already a member? Log in now.