RSS

bad banks

Sascha Klaus - Commerzbank

Commerzbank AG

Germany’s second-largest lender Commerzbank has clearly resolved to let nothing stand in the way of further sales of its performing and non-performing commercial property loan portfolios, in advance of the looming stress tests coming up for the... Read more

Companies

Patrizia Düsseldorf

PATRIZIA Immobilien AG

The postponement of a major deal announcement , along with what it described as the costs of complying with the European Union’s AIFM directive, led to the listed Augsburg-based Patrizia Immobilien issuing a warning that it would miss its profit... Read more

Investment

For the first time since its establishment in 2008 as a rescue fund for Germany’s banks dragged down by the collapse of the subprime debt market, the bailout fund SoFFin booked a profit in 2012, after writing back €1.39bn on loss provisions for... Read more

Markets