Word: dresdner
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1980
Sort By: most recent first
(reverse)
...still paying too much attention to interest rates and has reneged on its promise to level off the expansion of money. And many economists in Europe, where confidence in the dollar is crucial, join in the critique. Grumbles Kurt Richebacher, the chief economist of West Germany's Dresdner Bank: "The volatility of the U.S. money supply is not just awful; it's gruesome...
This oil-debt game is being played out in the arcane and complex world of international finance. There, large multinational banks such as the U.S.'s Chase Manhattan and Citibank, West Germany's Dresdner and Britain's Barclay perform two vital and interrelated functions. Operating largely from London's money center, the big financial institutions have first of all provided a safe and secure place for Croesus-rich oil exporters, particularly Kuwait, the United Arab Emirates and Saudi Arabia, to park their unspent petro-profits, which by now amount to over $90 billion. The security...
...plunged. The slide was accelerated by West German bank supervisors, who ordered banks in that country to limit their investment in bullion and other precious metals to no more than 30% of the net asset value of the shareholders' equity. Thus some big West German banks, such as Dresdner and the Commerzbank, eventually might be forced to sell some of their huge gold and silver holdings, thereby helping to depress the price...