Germany

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Senior management responsibility in banks

Regulators have made clear their view that responsibility for the culture of a bank sits at the top; if senior management create the right culture, good regulatory practice and procedures will naturally follow. Following the financial crisis banks’ s ...

Resource Article - twallace@abiwor... - 11/08/2017 - 09:02 - 0 comments - 0 attachments

Germany Expects Air Berlin Rescue Loan To Be Repaid In Full

The German government has said it still expects the 150 million-euro ($175 million) loan granted to Air Berlin to be repaid in full, after a court opened formal insolvency proceedings against the carrier on Wednesday, Reuters reported. The loan granted i ...

Daily Headline - global.abi.org - 11/02/2017 - 20:24 - 0 comments

German Inflation Misses Forecasts – Worrying Signs for ECB, or a ‘Goldilocks Period’?

Prices in Germany unexpectedly slipped this month, highlighting the challenges facing the European Central Bank as it attempts to roll back monetary stimulus without reversing the recent uptick in inflation, the Financial Times reported. Consumer prices fell an average of 0.1 per cent over the month, ...

Daily Headline - global.abi.org - 10/30/2017 - 21:30 - 0 comments

Paymill GmbH: Successful transfer of German internet based payment system

Following successful provisional debtor-in-possession insolvency proceedings led by attorney Vincenz von Braun and a team from anchor Rechtsanwälte working in close collaboration with the provisional insolvency monitor, attorney Dr. Christian Gerloff (Ge ...

Resource Article - twallace@abiwor... - 10/26/2017 - 12:34 - 0 comments - 1 attachment

Air Berlin in Talks with Condor, Not Just EasyJet

Air Berlin is in talks with Thomas Cook airline Condor, as well as Britain’s easyJet over the sale of some of its remaining assets, as time runs out for a deal to be done, a source familiar with the matter said on Tuesday. Air Berlin had been in exclusi ...

Daily Headline - global.abi.org - 10/24/2017 - 18:44 - 0 comments

Lufthansa Spreads Wings by Snapping Up Parts of Failed Air Berlin

Lufthansa reinforced its position as Germany’s largest airline on Thursday by signing a 210 million euro ($249 million) deal to buy large parts of insolvent Air Berlin, Reuters reported. Lufthansa plans to use the Air Berlin assets to quickly expand its ...

Daily Headline - global.abi.org - 10/12/2017 - 22:11 - 0 comments

Lufthansa Set to Buy Parts of Air Berlin

Lufthansa is poised to agree a deal to buy assets from insolvent Air Berlin, a person familiar with the matter told Reuters, ahead of a deadline on Thursday, Reuters reported. Germany’s largest airline is set to buy Air Berlin’s Niki leisure unit, its LG ...

Daily Headline - global.abi.org - 10/11/2017 - 22:35 - 0 comments

Germany Stands Firm Against EU Bank Deposit Guarantee Plan

Berlin has quickly rejected plans by Brussels to revive talks on a eurozone bank deposit guarantee scheme, in a sign of how hard it will be to win German backing for further steps to pool responsibility for the bloc’s financial system. The European Commi ...

Daily Headline - global.abi.org - 10/11/2017 - 22:36 - 0 comments

Auf Wiedersehen Air Berlin: Flights to Cease This Month

Flights operated by insolvent German carrier Air Berlin will end by Oct. 28 at the latest, it said on Monday, urging staff to seek jobs elsewhere while it works toward a carve-up of its assets. Air Berlin filed for insolvency in August and a government l ...

Daily Headline - global.abi.org - 10/09/2017 - 19:57 - 0 comments

Deutsche Bank Told to Boost Collateral on Securitized Debt

Deutsche Bank AG needs to find extra collateral to remain a counterparty for top-rated asset-backed debt that’s tied to anything from mortgages to car loans, according to Fitch Ratings. The bank’s credit rating, which Fitch downgraded last week, is no lo ...

Daily Headline - global.abi.org - 10/03/2017 - 16:40 - 0 comments

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