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Commerzbank to buy Dresdner, axe 9,000 jobs (Reuters)

Allianz SE CEO Michael Diekmann arrives for the company's annual news conference in Munich February 21, 2008. (Michaela Rehle/Reuters)Reuters - Commerzbank agreed to buy Dresdner Bank from Allianz on Sunday in a $14.5 billion all-German deal that will break the country's banking mould and cost 9,000 jobs.


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