For Sale: Investment Bank, one troubled owner

August 11, 2009

MEDIA-PROPS/So Deutsche Bank has written a large cheque to bail out Sal. Oppenheim — allowing the German private bank’s investors to subscribe to a 300 million euro share issue  which raises its equity capital to around 2.1 billion euros.

from Margaret Doyle:

Deutsche deal shows Oppenheim weakness

August 6, 2009

How are the mighty fallen! Sal Oppenheim may be have been banker to Germany's elite for 220 years. However, a few rash investments over the past couple of them appear to have forced it into the hands of Deutsche Bank, the 800 pound gorilla of German banking. However, Oppenheim's clients may be less than delighted at the change of ownership.