Dresdner Bank was plunged into the red during the first quarter following â¬706m ($1bn) of trading losses at its investment banking unit Dresdner Kleinwort in what could be its last set of financial results as a combined entity.
German insurer Allianz said operating revenues at its Dresdner Bank subsidiary slumped 64.5% to â¬719m, compared with â¬2.1bn during the first three months of 2007.
