Monday, 1 September 2008

Commerzbank to buy Dresdner Bank

Commerzbank has agreed to buy Dresdner Bank from Allianz for £7.9 billion. This deal will shake up German banking, and could result in thousands of jobs being lost - many in London.

But these unemployed bankers must not get depressed.

O bankers, there is a season for everything. A season to be born. A season to die. We had joy. We had fun. You have got to be philosophical. Stare into the abyss and laugh. Do not cry. Laugh at the cosmos as well, and the cosmos will laugh with you. You will still have money to keep you warm. Unless you've spent it all. What did you buy? Did it make you happy? Or did the burning burn out of control? In that case, I don't know what to say.


We will remember you.