Two German banks shed risk to build capital for acquisitions
Article Abstract:
Deutsche Bank AG and Bayersiche HypoVereinsbank AG are reducing their risks in the asset-backed bond market. The move is designed to make more capital available for the two banks for additional acquisitions. Deutsche and Bayersiche will raise over four billion euros ($4.52 billion) worth of bonds that have been secured on corporate loans in collateralized loan obligations (CLOs) in February 1999.
Comment:
Deutsche Bank and Bayersiche HypoVereinsbank reducing their risks in the asset-backed bond market
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
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HVB holders accept elevation of Schmidt as board chairman
Article Abstract:
The appointment of Albrecht Schmidt as HVB Group's new chairman has been approved by the company's stockholders. Schmidt just recently retired as HVB's chief executive.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2003
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