Hints and tips:
...Earlier this year, Germany’s Bayerische Landesbank quietly decided it did not want to do business with defence companies any more....
...NordLB, the fourth-largest Landesbank, needs to make up a €3.5bn equity shortfall that was caused by toxic shipping loans....
Approval of taxpayers’ money for NordLB stretches credibility
...An earlier attempt to usher in consolidation failed when Helaba walked away from merger talks with struggling Landesbank NordLB, based in Hannover....
...Attempts to merge NordLB with Frankfurt-based Landesbank peer Helaba fell apart in late December when Helaba formally terminated the talks....
Private equity groups likely to lose out in bidding contest for ailing lender
...With €155bn in assets, Hanover-based NordLB is the fourth-largest German Landesbank and was singled out as the weakest link in Germany’s banking system in the European Banking Authority’s stress test in...
...A tie-up with Landesbank peer Helaba is considered the most likely solution. It may include hiving off the toxic shipping loans to a private equity bidder, insiders suggested....
...Even so, selling out to private equity is often the only alternative to an even more painful wind-down of a Landesbank like HSH or even NordLB....
Region’s top 48 banks have enough capital to withstand worst-case Brexit scenarios
...Bayerische Landesbank found itself time and again on the wrong side of bad investments....
...Helaba, the Landesbank for the German state of Hessen, reported a fall in profit for the first six months of 2017 amid intense competition and thin interest margins and warned of a “significant fall” in...
...BayernLB, Germany’s second-biggest Landesbank, sounded a warning over rising regulatory costs even as profits rose and the clean-up of its balance sheet continued....
...The new chief executive of NordLB insisted on Thursday that it remained adequately capitalised, after huge losses on its shipping loan portfolio drove the German Landesbank to a €1.96bn net loss for 2016...
...That also applies after taking into account the negative result for 2016, and the complete takeover of Bremer Landesbank.”...
Agreement means 86-year-old billionaire will avoid second legal battle
...In June, Bremer Landesbank warned of losses on its portfolio of shipping loans that would threaten its capital position....
Billionaire makes claim against German bank connected to sale of Formula One
...NordLB is to take full control of Bremer Landesbank, which is facing a big loss this year as a result of its portfolio of shipping loans....
...The Landesbank has recently struggled due to a portfolio of shipping loans, and announced in June that it expects to take a €400m write-down....
...Deutsche Bank’s share price hit a new three-decade low and German Landesbank NordLB postponed a bond sale on Tuesday, amid a renewed bout of investor jitters over the state of the European banking sector...
...Meanwhile, NordLB’s fellow north German Landesbank, HSH Nordbank, has been told that it must restructure itself and sell off its viable businesses by 2018, or face being wound down....
...NordLB is in talks to take over its smaller peer, Bremer Landesbank, which has also been hit by the downturn in shipping markets, and in which NordLB already owns a 54.8 per cent stake....
...The German Landesbank NordLB is considering taking full control of its smaller peer Bremer Landesbank (BLB), which is struggling under the weight of a portfolio of bad shipping loans....
International Edition