Allianz, the German insurance company, announced the acceleration of its sale of Dresdner bank to Commerzbank bank.

安联同德国保险公司宣布加速德国商业银行对德累斯顿银行的收购进程。

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The German banking sector is also rife with rumours as well as attempts at consolidation, with giant insurer Allianz buying Dresdner.

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Others speculate on closer relations between Dresdner and Allianz, which uses its ties with banks to sell its own insurance products through their branches.

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Dresdner pushes Allianz's insurance products through its branch network, while Commerzbank does the same for Italy's Generali, which owns 5% of its shares, and is one of Allianz's keenest rivals.

ECONOMIST: German banks