Pressure is on for WestLB CEO to revamp bank; what Fischer implements could have ripple effects throughout German sector
Article Abstract:
Thomas Fischer has been hired to help turn around German bank WestLB AG. The bank is one of Germany's twelve regional state banks and had a net loss of 2.3 billion Euros in 2003. Fischer, who comes to WestLB from Deutsche Bank AG, hopes to raise 1.5 billion in Euros from Sparkassen municipal savings and loan banks.
Publisher: Dow Jones Publishing Co. (Europe)
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2004
Executive changes & profiles, Officials and employees, Appointments, resignations and dismissals, Fischer, Thomas
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2004
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German regulator receives audit of WestLB AG
Article Abstract:
WestLB AG has submitted its audit of losses to the BaFin German financial regulator on June 18, 2003. The regulator will make a report of recommendations to the bank?s management once it has studied the audit.
Publisher: Dow Jones Publishing Co. (Europe)
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2003
Reports, Auditing
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2003
User Contributions:
Comment about this article or add new information about this topic:
Subjects list: Banking industry, Germany, Finance, Company financing, WestLB AG
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