The merger between Commerzbank and Dresdner Bank may be the first step in a major consolidation in the German banking sector (01.09.2008) je 08

Welcome back. The banking sector in Germany has not been subject to the kind of changes and mergers seen in Britain and the US in recent decades. A large number of smaller banks have managed to survive as independent companies -- run either privately, by co-operatives, or by the federal states. But the merger between Commerzbank and Dresdner Bank may be the first step in a major consolidation in the German banking sector.