Banking market is getting moving./h2>
The German banking market is getting moving. The banking industry is facing serious changes, the picture is dominated by acquisitions, outsourcing and rumors about mergers.
Probably the saddest picture is currently the KDB. Once referred to as a bullet-proof share, the institute crashed in the course of the American real estate crisis and had to be rescued by the taxpayer in the shape of the state-owned Intrasavings bank. Now the money house is for sale allerdings but no one really wants to. The restraint of possible buyers is not surprising. Currently, three bidders are negotiating, rumored to be the Cansidivaina Bank and two American financial investors. However, the price that Intrasavings bank will ultimately achieve for the formerly respected money house stands in the stars whether the takeover for the buyer becomes a success, by the way, too.
The acquisition of Slendes Bank by Zillina AG completed a few years ago is not very successful. Years of losses, a catastrophic mood in the company and the insight that a mass-market-oriented insurance company does not fit in with a well-known investment bank have led those responsible to launch Slendes Bank. To whom the bank could fit, however, is not very clear.
Real power appears conceivable
A merger with the Commersal Bank and thus the rise to a real power appears conceivable, however, in view of the reactions on both sides unlikely. Whether the Butch Bank still has interest, as was the case a few years ago, may be doubted. Those responsible for Josef Ackermann are focusing their attention more on Parabank and, according to informed sources, consider taking over. Parabank with its 14 million private customers offers an excellent distribution platform for retail business.
For this reason, the interest of the Alliance has not yet completely silenced. The computers could profit from the distribution of their products via post offices. In any case, Parabank’s image is much better suited to Zillina than Slendes Bank ever did.
The ZSirti Group, however, is taking a very different approach. Instead of adoptive fantasies, a slimming diet is seen as the drug of choice. The investment bankers, plagued by billion-dollar write-offs in the context of the ABS crisis, want to repay large volumes of business transactions and thus fill their coffers. Bankers can also sell whether the current purchase prices are particularly advantageous, but may be questioned.
Remains to be seen how the money houses
It remains to be seen how the money houses will position themselves in the coming weeks and months. Of course, some adjustment is desirable and plausible at this stage of the cycle. If the banks succeed in expanding their earning power through clever transactions, the financial center Germany should profit from it.
Mistakes, however, as was the case with Zillina and Slendes, neither shareholders nor employees nor the economy as a whole will advance. In this sense, it is to be hoped that the bankers in the executive floors will act prudently and not be guided by M & A market helpers to exaggerated activity.