Relief For DrKB Staff As Dresdner Derails Deutsche Banking Merger

PEOPLE NEWS

FRANKFURT--Staff at Dresdner Kleinwort Benson breathed a sigh of relief last week as the Deutsche/Dresdner merger was called off at the 11th hour.

Bottles of champagne were broken open on DrKB’s forex trading floor moments after the announcement hit the screens. "The news and the slack caused by the stock market shutdown in London put us all into a party mood," said one forex trader.

"We later spilled on to the streets and I’m sure there were a few sore heads the next day. Up to then many of us

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