Following the EU Commission approval of a 2013 government intervention to rescue German Landesbank HSH Nordbank, ratings agency Fitch has warned that the planned timeline to privatise the lender is ambitious. The German federal governments of Hamburg and Schleswig Holstein intervened in June 2013 with a €3bn rescue package to re-increase the guarantee ceiling of […]
Against cautious expectations, only one out 25 participating institutions in Germany failed to comply with the ECB capital requirement. Among the 25 German banks surveyed, only Münchener Hypothekenbank, a German regional bank, failed the liquidity test. Other banks, including Deutsche Bank, Commerzbank, DZ Bank, HSH Nordbank and IKB passed the CET 1 requirements of 5.5% […]
Tony Foster, CEO, and Gihan Ismail (pictured), Business Development Director at Marine Capital Ltd., comment on the problems of shipping valuation in Germany. Just as an understanding of shipping in general requires an appreciation of what process goes into making up the valuation of ships, the same can be said of shipping debt. Unfortunately, different […]
AXA Private Equity has bought a controlling stake in a private equity portfolio from Germany’s HSH Nordbank, valued at €620m – part of a trend of banks selling secondaries that Axa expects to provide up to $50bn to market buyers.
Eminent UK hedge fund manager Crispin Odey, founder of Odey Asset Management in 1991, has warned Germany faces the highest inflation rates of all European economies in the next year.