Kleinwort Benson sell-off dismissed as 'nonsense'

Deutsche Bank will not sell Dresdner Kleinwort Benson, the investment banking arm of Dresdner Bank, when the two officially merge on July 1 of this year.

Bernhard Walter, chief executive of Dresdner Bank, who will co-head the combined firm with Deutsche's Rolf Breuer, said reports of DrKB being sold were 'pure and utter nonsense'. He added: 'Dresdner will not close its investment banking unit.'

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