News - dresdner
dresdner bonus trial provides ammo for City’s critics
15 May 2012, 7:08 pm
To recap on the details: in 2008,
dresdner Kleinwort’s then chief executive, Stefan Jentzsch, in an apparent attempt to prevent mass defections, stood up at a town hall meeting and told staff that €400m had been set aside for a guaranteed minimum bonus pool.
U.K. bankers win dresdner bonus row
10 May 2012, 12:59 pm
A group of London investment bankers on Wednesday won their High Court battle to receive a total of â¬50 million ($65 million) in unpaid bonuses. The 104 individual claims brought by former employees of
dresdner Kleinwort Ltd. against the company and its new owner Commerzbank, Germany's second-biggest bank, ranged from â¬15,000 to â¬2 million.
More bonus disputes...guaranteed
10 May 2012, 6:37 am
On May 23, 2008, the FSA notified
dresdner Kleinwort that it had been placed on its 'firm watch-list' due to the fragility of its business.
UK court rules in favour of 104 bankers in bonus dispute
9 May 2012, 3:48 pm
LONDON - A High Court judge has ruled that over 100 ex-London employees of
dresdner Kleinwort, now owned by Germany's second largest bank Commerzbank, were entitled to claim unpaid bonuses totaling 42 million pounds even though the bank had made huge losses.
Ex-dresdner Kleinwort bankers win bonus battle
9 May 2012, 9:08 am
Mr Justice Owen on Wednesday morning ruled that a verbal promise made by the bank – which was then owned by German insurer Allianz – to the bankers in the summer of 2008 constituted a binding contract.
Bankers win £42m payout from Commerzbank
9 May 2012, 6:48 am
A German bank has been ordered to pay 104 of its current and former investment bankers £42m in unpaid bonuses after losing a High Court case this morning.
Commerzbank Must Pay Bonus Promised to dresdner Bankers
9 May 2012, 4:50 am
Commerzbank AG (CBK) must pay bonuses promised to more than 100
dresdner Kleinwort bankers who sued the German lender after it failed to honor awards totaling about 50 million euros ($65 million), a U.K. judge said.