The fun has begun. Bayerische Vereinsbank and Bayerische Hypobank announced a "merger of equals" on July 21. They broke the log jam that has been stalling jumbo deals in Germany. The speculation that Allianz might push Dresdner Bank and Hypobank together is over, at least for the time being. The focus now is on a possible fusion of the two Frankfurt giants, Dresdner and Commerzbank, although much depends on the personal chemistry at the top.
August 01, 1997