Dresdner profits rise

Friday 03 November 1995 00:02 GMT

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

Dresdner profits rise

Dresdner, the German bank that bought Kleinwort Benson earlier this year, announced a 13.6 per cent increase in operating profits after risk provision in the first nine months of the year. Dresdner enjoyed the rise to DM1.5bn (pounds 682m) thanks to a rebound in trading profits and a 45 per cent lowering of risk provisions. Own-account trading rose to DM536m in the first nine months compared with a DM15m loss previously. Dresdner said that it would split responsibility for its global investment banking business, with Kleinwort taking control of non-German equities and the international advisory business. Dresdner will keep control of fixed income, forex and derivatives business.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Stay up to date with notifications from The Independent

Thank you for registering

Dresdner profits rise

Join our commenting forum

Thank you for registering