Dresdner Kleinwort and its parent Allianz are working on plans to co-operate more closely, in a move that will scotch speculation the investment bank is for sale.

The closer ties focus on the increasing convergence between Allianz's core insurance business with the capital markets.

Allianz plans closer ties with Dresdner Kleinwort

William Wright 

Goldman Sachs

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The Davos founder rejected preliminary findings of misconduct, including improper travel expenses and gifts.

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