Allianz Cuts Jobs, Structured Finance at Dresdner

February 20, 2008

Europe insurance powerhouse Allianz, parent company of Pimco in Newport Beach, is axing hundreds of jobs at its Dresdner Kleinwort investment bank and slashing its complex structured finance business, after suffering big fourth-quarter writedowns.

*For more on this story,

read the full Reuters article.

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Allianz Cuts Jobs, Structured Finance at Dresdner

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