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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (28978)	9/25/1998 9:49:00 PM
From: Monty Lenard	Read Replies (1) \| Respond to of 94695

Haim he may get his wish. <g> Dresdner Bank AG, Germany's third-largest bank, said it could lose about 240 million deutsche marks ($144 million) and Switzerland's Credit Suisse Group said it expected a $55 million write-off both from equity stakes in the Greenwich, Connecticut- based hedge fund. Germany's largest bank, Deutsche Bank AG, also said it will contribute about $300 million to the $3.5 billion bailout of the Greenwich, Connecticut hedge fund. The bank's shares dropped 5.7 deutsche marks, or 5.8 percent, to 92. ''There is worse to come,'' said Matthew Czepliewicz, a bank analyst at Salomon Smith Barney Inc. in London. ''We are going to see a fairly steady stream of announcements of warnings, problems and retrenchments in coming quarters.''