498:
day of testimony the banker only referred to as Martin S. went into detail on how the transactions worked to defraud the German
Treasury by making it appear that one set of stock securities had more than one owner. These multiple owners would all then file for tax refund reimbursements related to the dividends received from the underlying stock. Martin then went on to name the biggest players in the scandal of who he was aware. He named Hypo-Vereinsbank, Commerzbank, HSH Nordbank, WestLB and Deutsche Bank as those players. The trial of Martin S. " is the first in a wider investigation aimed at recovering billions from banks who profited from a scheme, described by finance minister Olaf Scholz, as a âscandalâ which Germany estimates cost it more than 5 billion euros." On 14 October 2019, Handlesblatt Online reported for the first time that Hamburg Commercial Bank's current CEO, Stephan Ermisch,may have personal exposure for restitution that may need to be paid back to the German Government in relation to cum-ex trading. His exposure owes to the fact that Ermisch had oversight of the departments at Hypo-Vereinsbank (his previous employer) which engaged in cum-ex trading and the bank is now seeking compensation from three ex-committee members in an amount of 110mm euros. There is a chance that these ex-committee members, in turn, will make a claim against Ermisch. The article also claims that at the time HSH's own misdeeds in relation to cum-ex trading came to light, the Hanseatic state government showed no zeal to actually investigate the bank at that time. However, currently the Cum-ex scandal is being actively pursued by prosecutors in the city of Cologne who are showing much more zeal in pursuing banks that engaged in the illegal stock maneuvers. It was further reported by many German newspapers that the Cologne Prosecutors Office now has over 400 individuals in its investigative sights, including two former HSH Nordbank managers. The investigation also has many financial institutions as targets, including HCOB. Spokespeople for HCOB say that they consider the matter resolved via their previous payments of 127mm euro. However, it is unclear whether the Cologne Prosecutors Office will again be investigating HCOB in relation to its participation in the scandal and whether more charges and penalties might be forthcoming. The articles now estimate the scandal cost the German Treasury approximately 12 billion euros.
494:
of the NPL Portfolio Sale, and the decision to sell HSH and the NPL Portfolio (at a deep discount to book value) to virtually the same investor consortium, strongly suggest severe irregularities in both the Bank Sale and the NPL Portfolio Sale transactions." The Court granted the request at the end of 2018. The decision is currently under appeal. On
October 4, 2019, the court lifted the stay that had been placed over the production of documents in the 1782 case. The plaintiffs are free to begin discovery even while the 1782 case is under appeal This lawsuit is in addition to earlier lawsuits filed by the insurance companies Talanx, Huk-Coburg and Baloise in May 2018 over the same issues. Those lawsuits seeks damages of over euro 285 million. In December 2019, HCOB settled with the group of bondholders that had sued it in January 2019.
248:, when it had sought to expand beyond its roots as a regional lender to companies and savings banks into global capital markets. It had done so in anticipation of the expiry of a rule that allowed for generous refinancing of German state-backed banks. With the beginning of the crisis, HSH had to report losses on their credit investment portfolio. In September 2008 HSH Nordbank announced further writedowns. As a direct consequence the CEO Hans Berger stepped down and in the following weeks HSH announced extensive restructuring. Branches in Copenhagen and Hong Kong were reduced to representations and new business was focused on the core region in northern Germany.
24:
357:, ending state aid proceedings in return for tough limits on the size of the bankâs balance sheet and a one-off financial penalty of 500 million euros. Under the settlement, the bank was to pull out of asset-backed aviation finance and to limit property finance to its home market by 2014. It also included plans to reduce its staff from 3,300 to 2,100. For 2013, the bank presented its worst set of results since 2008, with an annual net loss close to 800 million euros.
2125:
330:. However, also included in the deal were several billion euros of risk tied to HSH Nordbank's own assets. It is alleged that he inclusion of this last element allowed HSH Nordbank to move several billions of risky assets off its balance sheet at year end and avoid costly capital reserves which BaFin would require the bank to post. The assets were repurchased several weeks later after auditors had closed the books of the bank for the year.
341:
excuse to fire the branch head. United States prosecutors originally moved against the branch head but rescinded the allegations when certain evidence did not hold up. The bank settled this scandal through a reported settlement of 7 million US dollars after the bank's supervisory board hired law firm WilmerHale to conduct an investigation. The management board of the bank also issued an apology to the former branch head in 2011.
334:
charges were dismissed in 2014. However, that acquittal was overturned by the
Federal Court of Justice in October 2016 and a new trial scheduled before the Hamburg District Court. In June 2019, five of the ex-directors settled the charges against them via the "payment of money". The ex-directors had to make individual payments of between 500 thousand and 1.6 million euros to settle the charges.
216:, and Corsair Capital â for the stake. The investment marked the first part-privatisation of a Landesbank and its experience was being closely watched as an indicator of how difficult it would be for others to prise open the state-controlled sector. By 2008, J.C. Flowers injected about 300 million euros of fresh equity, in spite of the bankâs failure to have an
125:. It is active in corporate and private banking. Considered to be the worldâs largest provider of maritime finance, its main focus is on shipping, transportation, real estate and renewable energy. The bank is one of the pioneers in the pan-European project financing of renewable energies and is also involved in the expansion of digital infrastructure
256:
shareholders, the states of
Hamburg and Schleswig-Holstein. The other shareholders, JC Flowers and the Savings Banks Association of Schleswig-Holstein, did not participate in the capital infusion. Together with this increase of its core-capital, HSH announced further restructuring. It planned to spin off non-strategic activities and the
497:
In
September 2019, the Cum-Ex scandal returned in force for the German Banking industry as an ex-British banker, who had been charged with fraud in relation to the schemes, agreed to testify and explain the inner working and participants in these transactions in the Bonn District Court. On his first
493:
in the United States Court system asking to be allowed to serve subpoenas on the bank's new owners; Cerberus, JC Flowers and
Goldentree Asset Management. The 1782 request seeks information related to the NPL portfolio sale and share sale. In their initial motion, plaintiffs stated "The inside nature
531:
As reported by
Hamburger Abendblatt in April 2020, the remuneration of the Executive Board was more than quintupled from âŹ3.5 million for 2018 to âŹ18.9 million for 2019. According to the report, the new Executive Board members Brody and Banwell will each receive between four and five million euros a
470:
also contributed. The transaction also saw the bankâs non-performing loan portfolio, principally shipping-related, sold to a special purpose vehicle set up by
Cerberus, JC Flowers, GoldenTree and Centaurus at a price below its current book value. The sale of shares is subject to the approval of the
379:
with the
European Commission that allowed HSH Nordbank to offload 6.2 billion euros in troubled assets â mainly non-performing ship loans â onto its government majority owners and avoid being shut down, saving around 2,500 jobs. The agreement stipulated that if no private-sector buyer emerged by
340:
In 2010, HSH Nordbank was again caught up in scandal. Its CEO, Jens
Nonnenmacher, and its General Counsel, Wolfgang Gossman, were accused of planting child pornography on the office computer of the then Head of its New York Branch. The child pornography was planted in order to give the bank an
333:
In 2012 the Hamburg Public Prosecutors filed charges against six former HSH Nordbank Directors, including the former CEO Dirk Jens Nonnenmacher, in relation to the Omega 55 transaction. The indictment ran to over 600 pages long. They were accused of breach of trust and accounting fraud. The
398:
In 2013, HSH announced that it was taking provisions of 127 million euros in relation to illegal securities transactions, cum-ex dividend trades, after the findings of an investigatory report by the law firm Clifford Chance. HSH's involvement in cum-ex dividend trades were to follow the bank
255:
program. One requirement that was imposed on HSH was to raise the capital ratio to at least 8%. On January 20, 2009, 3 billion euros 3 year guaranteed notes were issued. On February 24, 2009, HSH received new capital of EUR 3 billion and credit guarantees of 10 billion euros by the two main
283:. By 2012, the court found that HSH should have been able to conduct its own due diligence and dismissed the fraud claim, a decision that lawyers interpreted as having broader implications for investors seeking damages for losses incurred in the financial crisis.
298:. On April 17, 2009, the supervisory board of HSH Nordbank relieved Frank Roth, member of the management board of his duties and started pressing criminal charges against him. The bank claims that Roth leaked strictly confidential information to outside parties.
1797:"Memorandum of Law in Support of Motion â #4 in In re Application of HANSAIN VEST Hanseatische Investment-GmbH in respect of the Fund Aramea Rendite Plus Trinity Investments Designated Activity Company (S.D.N.Y., 1:18-mc-00310) â CourtListener.com"
1845:"Memorandum & Opinion â #67 in In re Application of HANSAIN VEST Hanseatische Investment-GmbH in respect of the Fund Aramea Rendite Plus Trinity Investments Designated Activity Company (S.D.N.Y., 1:18-mc-00310) â CourtListener.com"
1821:"Discovery â #1 in In re Application of HANSAIN VEST Hanseatische Investment-GmbH in respect of the Fund Aramea Rendite Plus Trinity Investments Designated Activity Company (S.D.N.Y., 1:18-mc-00310) â CourtListener.com"
148:
The bank changed its name from HSH Nordbank to Hamburg Commercial Bank (HCOB) on February 4, 2019, after the bank was sold to new owners in 2018. HCOB has foreign offices in Athens and other significant operations in
649:
2020:
439:
were considered as interested buyers but ultimately did not submit a bid for the bank. By the end of the year, bids were submitted by Apollo, Socrates and a consortium of private equity groups
1179:
2176:
966:
353:, HSH Nordbank and its owners negotiated for years over a plan to restore the bank to health and avoid future state aid. In September 2011, all sides reached a settlement with the
197:) and thereby formally privatised, i.e. the bank is not anymore governed by public law. In 2003, the bank had a balance sheet total of 172 billion euros and employed 4,500 people.
1235:
489:
capital instruments via accounting actions the bank took prior to and during the 2018 sales process. Earlier, in relation to that same lawsuit, the investor group had filed a
1667:
1631:
941:
1893:
1082:
1649:
200:
In 2006, HSH Nordbank pledged to seek an unprecedented stock market listing, edging out its chief executive Alexander Stuhlmann to prepare the way. Shortly after,
482:
Hamburg and Schleswig-Holstein later said that total losses they incurred in their HSH investment would range from 10.8 billion to a maximum of 14 billion euros.
1703:
1359:
923:
458:â agreed to sell their shares for an estimated 1 billion euros to a group of private equity investors led by Cerberus and JC Flowers. Other funds involved were
1210:
1844:
1820:
1796:
1613:
2045:
675:
387:
to find buyers for the loans which were extended to shipping and aircraft companies and for real estate and renewable energy projects. In an initial deal,
485:
In January 2019 a group of 18 bond investors sued HSH Nordbank for 1.4 billion euros, accusing the bank of improperly lowering the book value of its Tier
1517:
1186:
1259:
287:
905:
631:
1992:
1938:
1417:
887:
322:(BaFin). Omega 55 was a hybrid CDO which exposed HSH Nordbank to the risks of default of other financial institutions including the now bankrupt
2166:
515:
Stefan Ermisch, (Chairman of the Board of Managing Directors) since June 10, 2016 (previously, since December 1, 2012, Chief Financial Officer)
2171:
518:
Ulrik Lackschewitz (Chief Risk Officer since October 1, 2015, and Deputy Chairman of the Board of Managing Directors since December 10, 2018)
973:
1128:
1022:
1154:
725:
432:
319:
1086:
1058:
945:
280:
23:
2071:
704:
2115:
2151:
1868:
1747:
2146:
1493:"Cum-Ex trading scandal in Germany â A huge challenge for financial institutions and the insurance industry | Lexology"
318:
in late 2007, that eventually cost HSH Nordbank 500 million euros. Parts of that deal were not disclosed to the German
1492:
1356:
2156:
133:
1595:
745:
683:
1436:
619:
607:
291:
276:
204:
agreed to sell its 26.6 per cent stake in HSH Nordbank to a consortium of five institutional investors, led by
1541:
1771:
251:
In December 2008, HSH Nordbank was granted to issue up to 30 billion euros guaranteed notes under the German
245:
337:
In 2009, HSH Nordbank had a balance sheet of 174.5 billion euros and reported a loss of 678 million euros.
161:
2111:
1967:
459:
440:
209:
1999:
1945:
1399:
1559:
1461:
412:
395:
bought 800 million euros in aviation loans and 540 million euros in real estate credits, respectively.
160:
HSH Nordbank, then HCOB has been designated as a Significant Institution since the entry into force of
2102:
1894:"Streit um stille Einlagen: HSH-Nachfolgerin wehrt sich mit White & Case gegen Klagen « JUVE"
997:
416:
302:
1722:
1685:
1577:
1381:
1338:
1320:
1302:
1284:
1040:
869:
851:
833:
815:
797:
779:
761:
237:
229:
217:
1063:
650:"The world's best bank transformation 2022: HCOB â radical change is possible, even in Germany"
490:
450:
In February 2018, the state governments of Schleswig-Holstein and Hamburg â at the time led by
424:
369:
310:
268:
472:
213:
205:
165:
2161:
705:"The list of significant supervised entities and the list of less significant institutions"
8:
748:
402:
354:
350:
190:
1914:
1211:"Details On The Wild Allegations Of Spying And Porn Evidence Planting At A German Bank"
383:
The European Commission approved a bailout in March 2016 and HSH asked investment bank
376:
365:
194:
34:
1236:"Hamburg Bank Scandal: Ex-Government Spokesman Spread Child Porn Investigation Rumors"
1468:
1068:
476:
327:
113:(formerly HSH Nordbank) is a commercial bank in northern Europe with headquarters in
451:
1109:
1083:"HSH Nordbank to press criminal charges against Management Board member Frank Roth"
2021:"Cum-Ex: Steuerskandal: Staatsanwaltschaft ermittelt gegen ehemalige HSH Nordbank"
1437:"HSH Nordbank recognises provision for cum-ex-transactions in the years 2008â2011"
1400:
HSH Nordbank plans to sell $ 3.7 bln in bad loans under bailout programme -sources
521:
Ian Banwell (since April 1, 2019, Chief Financial Officer since September 1, 2020)
314:
reported on a questionable CDO deal codenamed "Omega 55" between HSH Nordbank and
2107:
1689:
1385:
1363:
1342:
1324:
1306:
1044:
873:
855:
837:
819:
801:
783:
765:
323:
540:
After the sale of HSH Nordbank in 2018 the shareholders in the institution are:
1421:
909:
891:
635:
511:
The members of the Board of Managing Directors of Hamburg Commercial Bank are:
486:
463:
388:
2140:
1472:
420:
392:
361:
620:
https://www.hcob-bank.de/en/media/pressemitteilungen/press-release-13049216/
608:
https://www.hcob-bank.de/en/media/pressemitteilungen/press-release-13024768/
2130:
1416:
Nicholas Brautlecht, Nicholas Comfort and Steven Arons (January 26, 2017),
886:
Nicholas Brautlecht, Nicholas Comfort and Steven Arons (January 26, 2017),
444:
2097:
102:
455:
372:
315:
257:
233:
524:
Nicolas Blanchard (since December 10, 2018, still until the end of 2021)
189:
on June 2, 2003. In the course of the merger HSH was transformed into a
1993:"Banker to reveal workings of trading scheme in German fraud trial,..."
1939:"Banker to reveal workings of trading scheme in German fraud trial,..."
906:
Global Shipping Industryâs Troubles Are Threat for Biggest German Banks
632:
Global Shipping Industryâs Troubles Are Threat for Biggest German Banks
403:
Privatization, Lawsuits and the Return of the Cum-Ex Scandal 2018â2019
150:
141:
1869:"Huk-Coburg, Talanx und Baloise ziehen vor Gericht â bocquell-news.de"
208:, for 1.25 billion euros. Flowers had competed with three investors â
136:
trade magazine. For the third year in a row, The bank was awarded as "
132:
In 2022, the bank won the âWorldâs Best Bank Transformationâ award by
428:
408:
479:
of Germanyâs publicly owned banks and join the private sector plan.
475:. After its privatization, HSH Nordbank will also have to leave the
295:
261:
1612:
Arno Schuetze, Klaus Lauer and Jonathan Saul (November 29, 2017),
1707:
1671:
1653:
1635:
1617:
1599:
1581:
1563:
1545:
1403:
1367:
1288:
1026:
927:
164:
in late 2014, and as a consequence is directly supervised by the
122:
114:
66:
62:
44:
1542:
HNA, Apollo Global among bidders vying for HSH Nordbank: sources
944:(Press release). HSH Nordbank. 10 September 2008. Archived from
527:
Christopher Brody (Chief Investment Officer since July 1, 2019).
275:
over losses it says it suffered on a $ 500 million portfolio of
244:, HSH Nordbank buckled under excessive risk-taking prior to the
1518:"Tax Avoidance: Commerzbank Defends Ex-Dividend Tax Exemptions"
1234:
Dahlkamp, JĂŒrgen; Latsch, Gunther; Schmitt, Jörg (2010-10-01).
746:
Subject: NN 71/2005 â Capital increase HSH Nordbank AG, Germany
252:
201:
154:
1772:"HSH bondholders seek U.S. help in lawsuit over privatization"
1650:
HSH Nordbank sale in separate private equity vehicles: sources
814:
Meike Schreiber, Tim Bartz and Sven Clausen (August 3, 2006),
1596:
HNA won't submit bid for Germany's HSH Nordbank: Handelsblatt
467:
436:
344:
1704:
HSH to post pretax loss of more than 400 mln euros â sources
1578:
HSH Nordbank attracts handful of potential bidders â sources
1560:
German regulator welcomes Chinese interest in nation's banks
1260:"Wronged German Bank Manager: 'It's As If I Were Paralyzed'"
924:
HSH to post pretax loss of more than 400 mln euros â sources
2177:
Banks under direct supervision of the European Central Bank
1460:
Hamburg, Klaus Ott; Frankfurt, Jan Willmroth (2019-08-12).
118:
2046:"HSH-Nordbank: Ermittlungen gegen Ex-Manager wegen Cum-Ex"
1418:
China Not Europe May Salvage HSH as German Bank Looks East
1285:
HSH Nordbank invites indicative bids from potential buyers
888:
China Not Europe May Salvage HSH as German Bank Looks East
676:"New name â Hamburg Commercial Bank starts brand roll-out"
1039:
Tom Braithwaite and Shahien Nasiripour (March 28, 2012),
384:
272:
241:
181:
HSH Nordbank was created as a result of a merger between
411:
to organize the process to privatize HSH Nordbank under
1686:
HSH Nordbank to be sold to US private equity consortium
1382:
Clock ticking on the future of state-owned HSH Nordbank
1110:"HSH-Chef genehmigte offenbar verlustreiches GeschÀft"
1108:
Hornung, Peter; Webermann, JĂŒrgen (October 13, 2009),
415:
by the end of February 2018. Over the course of 2017,
2108:
Documents and clippings about Hamburg Commercial Bank
1283:
Andreas Kröner and Maria Sheahan (January 23, 2017),
1233:
967:"Fitch rates HSH Nordbak AG's guaranteed issue 'AAA'"
778:
Meike Schreiber and Ivar Simensen (August 31, 2006),
2120:
1668:
HSH Nordbank bondholders fear privatisation measures
1632:
HSH Nordbank bondholders fear privatisation measures
1576:
Arno Schuetze and Jan Schwartz (February 27, 2017),
1059:"HSH Nordbank: ĂberprĂŒfung der VorstĂ€nde angeordnet"
80:
Juan R. Inciarte (Chairman of the Supervisory Board)
2072:"Hamburg Commercial Bank Shareholders/Organisation"
1129:"Milliarden fĂŒr die HSH: Trauerspiel in fĂŒnf Akten"
294:to investigate recent management decisions of the
286:On April 9, 2009, president of supervisory board
2138:
1459:
1339:HSH Nordbank poised for worst results since 2008
1107:
972:. Fitch Ratings. 14 January 2009. Archived from
223:
1748:"HSH Nordbank Bondholders Sue for âŹ1.4 Billion"
1355:Arno Schuetze and Foo Yun Chee (May 27, 2015),
1614:Three rivals vie to buy Germany's HSH Nordbank
1155:"Neuer HSH-Prozess: Ex-Chefs kaufen sich frei"
1723:"HSH Nordbank sued by bondholders for âŹ1.4bn"
1321:HSH Nordbank overhaul spells end of state aid
1303:HSH Nordbank overhaul spells end of state aid
1185:. HSH Nordbank. 15 April 2010. Archived from
1085:. HSH Nordbank. 17 April 2009. Archived from
942:"Chief Executive Officer Hans Berger resigns"
267:In 2008, HSH Nordbank filed a claim with the
998:"Germany's HSH Nordbank Saved from Collapse"
1891:
1152:
345:Restructuring and Cum-Ex Scandal 2013â2018
1965:
870:Flowers to inject âŹ300m into HSH Nordbank
852:Flowers to inject âŹ300m into HSH Nordbank
834:Private equity buys stake in HSH Nordbank
798:Private equity buys stake in HSH Nordbank
380:2018, HSH Nordbank had to be wound down.
1720:
1357:HSH Nordbank strikes rescue deal with EU
1041:New York court rejects claim against UBS
762:HSH edges out chief to make way for IPO
320:Federal Financial Supervisory Authority
103:https://www.hcob-bank.de/en/startseite/
2139:
1966:Wischmeyer, Nils (18 September 2019).
1462:"Die vergebliche Warnung des Herrn B."
1180:"Annual Report as of 31 December 2009"
780:International banks share in HSH stake
2167:Government-owned companies of Germany
407:In mid-2016, the bankâs owners hired
2172:German companies established in 2003
1892:www.juve.de, JUVE- (20 March 2019).
1021:Richard Barley (February 26, 2008),
1745:
1684:Olaf Storbeck (February 28, 2018),
1666:Christopher Spink (March 1, 2018),
1630:Christopher Spink (March 1, 2018),
1319:James Wilson (September 20, 2011),
1301:James Wilson (September 20, 2011),
1153:Mittelacher, Bettina (2019-06-06).
1023:HSH says filed CDO suit against UBS
1004:. SPIEGELnet GmbH. 24 February 2009
260:portfolio into aâyet to be createdâ
176:
13:
1540:Alexander HĂŒbner (April 2, 2017),
1380:Olaf Storbeck (October 24, 2017),
14:
2188:
2091:
1721:Storbeck, Olaf (7 January 2019).
1648:Klaus Lauer (February 26, 2018),
832:Ivar Simensen (August 30, 2006),
796:Ivar Simensen (August 30, 2006),
760:Ivar Simensen (August 16, 2006),
570:Goldentree Asset Management L.P.
554:Cerberus Capital Management L.P.
2123:
399:throughout the years up to 2017
22:
2063:
2038:
2013:
1985:
1968:"Der Cum-Ex-Jongleur packt aus"
1959:
1931:
1907:
1885:
1861:
1837:
1813:
1789:
1764:
1739:
1714:
1696:
1678:
1660:
1642:
1624:
1606:
1588:
1570:
1552:
1534:
1510:
1485:
1453:
1428:
1410:
1392:
1374:
1349:
1331:
1313:
1295:
1277:
1252:
1227:
1203:
1172:
1146:
1126:
1120:
1101:
1075:
1051:
1033:
1015:
990:
959:
934:
916:
904:Jack Ewing (December 4, 2012),
898:
880:
862:
844:
826:
816:Flowers plots Europe initiative
808:
790:
772:
630:Jack Ewing (December 4, 2012),
277:collateralized debt obligations
2069:
1702:Klaus Lauer (April 25, 2018),
1594:Maria Sheahan (May 10, 2017),
1434:
1398:Arno Schuetze (June 8, 2016),
1067:. 9 April 2009. Archived from
922:Klaus Lauer (April 25, 2018),
754:
739:
718:
697:
673:
667:
642:
624:
613:
601:
292:Freshfields Bruckhaus Deringer
1:
2070:AG, Hamburg Commercial Bank.
1435:AG, Hamburg Commercial Bank.
868:James Wilson (May 20, 2008),
850:James Wilson (May 20, 2008),
726:"List of supervised entities"
674:AG, Hamburg Commercial Bank.
595:
506:
466:. In addition, Austrian bank
246:financial crisis of 2007-2010
224:Financial crisis of 2007â2010
187:Landesbank Schleswig-Holstein
1998:. 2019-09-04. Archived from
1944:. 2019-09-04. Archived from
1337:Alice Ross (April 8, 2014),
535:
471:European Commission and the
360:In 2015, Minister-President
162:European Banking Supervision
7:
2112:20th Century Press Archives
542:
460:GoldenTree Asset Management
441:Cerberus Capital Management
228:Similarly to peers such as
210:Cerberus Capital Management
10:
2193:
2152:Companies based in Hamburg
2076:Hamburg Commercial Bank AG
1441:Hamburg Commercial Bank AG
680:Hamburg Commercial Bank AG
501:
171:
17:Hamburg Commercial Bank AG
2147:Banks established in 2003
2103:HSH-Nordbank AG Home Page
532:year, including bonuses.
98:
84:
72:
58:
50:
40:
30:
21:
1558:Tom Sims (May 9, 2017),
477:deposit insurance scheme
417:Apollo Global Management
413:European state-aid rules
305:downgraded HSH to BBB+.
2157:Companies based in Kiel
2098:Hamburg Commercial Bank
578:Centaurus Capital L.P.
238:Deutsche Hypothekenbank
218:initial public offering
183:Hamburgische Landesbank
111:Hamburg Commercial Bank
1915:"Webdisclosure iframe"
491:1782 discovery request
425:Anbang Insurance Group
370:First Mayor of Hamburg
311:Norddeutscher Rundfunk
269:New York Supreme Court
214:Hellman & Friedman
206:J.C. Flowers & Co.
733:European Central Bank
712:European Central Bank
473:European Central Bank
308:On October 13, 2009,
303:Standard & Poorâs
166:European Central Bank
2025:www.handelsblatt.com
2002:on September 5, 2019
1948:on September 5, 2019
1522:www.handelsblatt.com
281:U.S. mortgage market
138:Best Performing Bank
90:1012 FTE globally (
1919:comfi.lessentiel.lu
1873:www.bocquel-news.de
1192:on 26 November 2010
1089:on 4 September 2012
749:European Commission
714:. 4 September 2014.
355:European Commission
351:European Commission
191:joint-stock company
86:Number of employees
18:
1362:2020-02-12 at the
377:restructuring deal
366:Schleswig-Holstein
195:Aktiengesellschaft
35:Aktiengesellschaft
16:
2052:. 15 October 2019
1746:Scurria, Andrew.
1499:. 7 February 2017
1159:www.abendblatt.de
1071:on 12 April 2009.
735:. 1 January 2023.
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2131:Banks portal
2079:. Retrieved
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2015:
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2000:the original
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59:Headquarters
31:Company type
2162:Landesbanks
2027:(in German)
1974:(in German)
1896:(in German)
1161:(in German)
1135:(in German)
456:Olaf Scholz
423:as well as
373:Olaf Scholz
316:BNP Paribas
258:toxic asset
234:Commerzbank
220:that year.
117:as well as
2141:Categories
2081:2019-07-29
2056:2019-10-15
2031:2019-10-14
2006:2019-09-19
1978:2019-09-19
1952:2019-09-19
1924:2019-12-27
1900:2019-07-31
1878:2019-07-29
1854:2019-10-07
1830:2019-07-30
1806:2019-07-30
1782:2019-07-29
1757:2019-07-29
1732:2019-07-29
1527:2019-07-29
1503:2019-07-29
1478:2019-08-12
1446:2019-07-29
1270:2019-07-29
1245:2019-07-29
1220:2019-07-29
1196:2010-04-15
1165:2019-07-29
1139:2019-07-29
1133:www.ndr.de
1008:2009-03-09
983:2009-03-09
952:2009-03-09
690:2019-07-29
660:2022-07-27
596:References
507:Management
290:appointed
151:Luxembourg
142:The Banker
92:30/06/2024
74:Key people
1473:0174-4917
654:Euromoney
536:Ownership
464:Centaurus
429:HNA Group
409:Citigroup
134:Euromoney
1360:Archived
1114:NDR Info
296:Vorstand
271:against
262:Bad Bank
41:Industry
2114:of the
2110:in the
1996:Reuters
1942:Reuters
1776:Reuters
1708:Reuters
1672:Reuters
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1600:Reuters
1582:Reuters
1564:Reuters
1546:Reuters
1404:Reuters
1368:Reuters
1289:Reuters
1027:Reuters
928:Reuters
573:12.50%
557:42.50%
502:Company
419:of the
230:NORD/LB
172:History
123:Germany
115:Hamburg
99:Website
67:Germany
63:Hamburg
51:Founded
45:Banking
1471:
1093:4 June
549:Share
546:Owner
253:SoFFin
202:WestLB
155:London
1190:(PDF)
1183:(PDF)
1127:NDR.
977:(PDF)
970:(PDF)
729:(PDF)
708:(PDF)
589:2.5%
581:7.5%
468:BAWAG
437:China
1469:ISSN
1095:2009
565:35%
462:and
454:and
443:and
433:ICBC
431:and
391:and
368:and
349:The
326:and
240:and
185:and
153:and
119:Kiel
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2116:ZBW
1064:NDR
487:One
435:of
385:UBS
364:of
273:UBS
242:KfW
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