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Tag Archive | "germany"

BayernLB chief executive to step down

Monday, September 23, 2013

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Gerd Haeusler, CEO of Bayern LB attends a press conference in Munich on March 29, 2012

Troubled German regional bank BayernLB said Monday its chief executive Gerd Haeusler is stepping down at the end of the year.

Germany’s finances in black in first half

Friday, August 23, 2013

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File picture shows the Reichstag building (lower house of parliament), in Berlin

Germany ran up a general government surplus of 8.5 billion euros ($11.3 billion) in the first six months of this year, equivalent to 0.6 percent of output, data showed Friday.

Deutsche Bank says profits halved

Tuesday, July 30, 2013

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Deutsche Bank said its net profits were halved in the second quarter, as it made massive provisions to meet litigation

Deutsche Bank, Germany's biggest bank, said on Tuesday its net profits were halved in the second quarter, as it made massive provisions to meet litigation costs.

Commerzbank in huge sale of UK real-estate loans

Monday, July 15, 2013

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The logo of Commerzbank pictured outside a branch and the headquarters (L) in Frankfurt, April 7, 2011

Commerzbank, Germany's second-biggest bank, said on Monday it had agreed to sell a huge portfolio of commercial real estate loans in Britain to US bank Wells Fargo and Lone Star Funds.

S&P affirms Germany’s AAA credit rating

Friday, July 12, 2013

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People arrive at Berlin's iconic Brandenburg Gate on June 19, 2013 ahead of a speech by US President Barack Obama

Credit rating agency Standard & Poor's affirmed on Friday the top-notch triple-A rating for German sovereign debt, saying Europe's top economy could withstand any shocks from the eurozone crisis.

Greece seeing ‘silver lining’ in debt turmoil: Germany

Wednesday, July 3, 2013

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German Foreign Minister Guido Westerwelle greets reporters  in the foreign ministry in Athens on July 3, 2013

German Foreign Minister Guido Westerwelle said on a visit to Greece Wednesday that he believed the country was beginning to see a "silver lining" in its debt turmoil and urged international creditors to recognise its achievements.

Germany’s Bundesbank chief says France must cut deficit

Wednesday, May 22, 2013

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Bundesbank chief Jens Weidmann answers questions during press conference in Dresden, on April 24, 2013

The head of Germany's Bundesbank, Jens Weidmann, said France needs to make additional efforts to reduce its public deficit, in an interview published Wednesday.

German software giant SAP to hire people with autism

Wednesday, May 22, 2013

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SAP is one the world's largest software firms and has a 65,000-strong workforce

German software giant SAP has said it intended to employ hundreds of people globally with autism as software testers and programmers over the next seven years.

Eurozone calm compared to a year ago: Juncker

Thursday, May 16, 2013

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Jean-Claude Juncker takes part in a panel discussion at the foreign ministry in Berlin on May 16, 2013

The eurozone crisis has eased markedly from one year ago when some doubted its very survival, Luxembourg Prime Minister Jean-Claude Juncker said Thursday, playing down hopes however of progress on tax evasion at next week's EU summit.

Commerzbank to raise 2.5 bn euros in capital hike

Tuesday, May 14, 2013

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The headquarters of Germany's Commerzbank is seen in Frankfurt/M. in 2011

Commerzbank, Germany's second-biggest bank, said Tuesday the subscription price for new shares in its planned capital increase has been set at 4.50 euros ($5.85) apiece, meaning it stands to raise up to 2.5 billion euros in all.

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