RSU Rating Service Unit, the provider of credit rating systems and related IT services for German Landesbanken has selected GoldenSource to provide a platform that will facilitate receiving data from multiple suppliers and offer individual data feeds to banks. GoldenSource said the impetus for the deal was ongoing pressure for industry standardisation towards single platform […]
Hannover-headquartered NordLB is set to take over Bremer Landesbank, which was previously jointly owned by the Federal City of Bremen and the Lower Saxon Savings Banks Association, both parties are set to sell their share for a total sum of €180m. Bremer Landesbank has faced a challenging start of 2016, reporting a net loss of […]
German Landesbank NordLB, one of the biggest maritime lenders in Europe, continues to face challenges due to the share of shipping debt within its portfolios, H1 figures suggest. The bank, which recently pledged to reduce the volumes of shipping debt, reported that overall debt levels had decreased from €19bn to €17.9bn in the first half […]
The board of German Landesbank Nord/LB has appointed Thomas Bürkle as CEO and Hinrich Holm as deputy CEO of the bank. The team is set to replace Gunter Dunkel, who will retire by the end of the year. Bürkle has been chief risk officer at Nord/LB for more than two years, having been responsible for […]
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.