|German Banks To Merge Mortgage Units
New name is Eurohypo
October 31, 2001
By MortgageDaily.com staff
Deutsche Bank, Dresdner Bank and Commerzbank have agreed to merge their mortgage units, according to Dow Jones Newswires. The name of the new entity will reportedly be Eurohypo, with ownership percentages at 35% for Deutsche Bank, 35% for Commerzbank and 30% for Dresdner Bank.