In 2006, HSH Nordbank pledged to seek an unprecedented stock market listing, edging out its chief executive Alexander Stuhlmann to prepare the way. [36], The European Commission approved a bailout in March 2016 and HSH asked investment bank UBS to find buyers for the loans which were extended to shipping and aircraft companies and for real estate and renewable energy projects. Considered to be the world’s largest provider of maritime finance,[3] its main focus is on shipping, transportation, real estate and renewable energy. Hans Berger, who was CEO of HSH Nordbank before Nonnenmacher, has been fined €750,000, while former executives Hartmut Strauss and Bernhard Visker will each have to pay €500,000 to settle the case, according to the report. In the course of the merger HSH was transformed into a joint-stock company (Aktiengesellschaft) and thereby formally privatised, i.e. Arno Schuetze and Jan Schwartz (February 27, 2017). Hamburg Commecrical Bank is focused on providing private and corporate banking products and services to large- and medium-sized German business entities and their owners. 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. Hamburg Commercial Bank AG … A year later, a Hamburg court cleared Nonnenmacher of responsibility for the deal but HSH Nordbank said it will seek damages from its former managers in separate proceedings. The following banks operating under Hamburg Commercial Bank brand name has been recently closed down: Cayman Islands. Mitteilung des … The transaction also saw the bank’s 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. HCOB with strong capital position and positive result in 2019. Thank you for your interest in S&P Global Market Intelligence! We are where our clients are: in our home region of North Germany, in the metropolitan regions of Germany and in selected foreign locations. Even after the pandemic is over, online food retail will remain a niche market. If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.
Please contact your professors, library, or administrative staff to receive your student login. . [66], Restructuring and Cum-Ex Scandal 2013-2018, Privatization, Lawsuits and the Return of the Cum-Ex Scandal 2018-2019. In Hamburg und Schleswig-Holstein ist sie eine führende Bank … [4] HCOB has significant operations in Luxembourg, London (the Bank no longer has an office in London) and Singapore. Hamburg Commercial Bank represents for people with foresight, passion and initiative. Auslandsniederlassungen befinden sich in Athen und Singapur. The next hearing against Rieck is scheduled for the middle of August, Handelsblatt said. The charges were dismissed in 2014. In September 2008 HSH Nordbank announced further writedowns. [39][40] HSH's involvement in cum-ex dividend trades were to follow the bank throughout the years up to 2017[41][42], In mid-2016, the bank’s owners hired Citigroup to organize the process to privatize HSH Nordbank under European state-aid rules by the end of February 2018. [7] Shortly after, WestLB agreed to sell its 26.6 per cent stake in HSH Nordbank to a consortium of five institutional investors,[8] led by J.C. "For us, sustainability means future viability. We apologize for any inconvenience this may cause. Weiterlesen. The new trial ended with the latest court settlement in Hamburg, which also includes four other former HSH Nordbank executives, of whom Jochen Friedrich, former capital market head of the bank, is liable for the highest fine of €1.6 million, Handelsblatt reported. [21], On April 9, 2009, president of supervisory board Wolfgang Peiner appointed Freshfields Bruckhaus Deringer to investigate recent management decisions of the Vorstand. Arno Schuetze, Klaus Lauer and Jonathan Saul (November 29, 2017), New CEO for HSH Nordbank – Stefan Ermisch becomes Chairman of the Management Board, Clock ticking on the future of state-owned HSH Nordbank, Global Shipping Industry’s Troubles Are Threat for Biggest German Banks, "New name - Hamburg Commercial Bank starts brand roll-out", "Hamburg Commercial Bank Shareholders/Organisation", Subject: NN 71/2005 – Capital increase HSH Nordbank AG, Germany, Private equity buys stake in HSH Nordbank, Flowers to inject €300m into HSH Nordbank, China Not Europe May Salvage HSH as German Bank Looks East, HSH to post pretax loss of more than 400 mln euros - sources, "Chief Executive Officer Hans Berger resigns", "Fitch rates HSH Nordbak AG's guaranteed issue 'AAA, "Germany's HSH Nordbank Saved from Collapse", "HSH Nordbank: Überprüfung der Vorstände angeordnet", "HSH Nordbank to press criminal charges against Management Board member Frank Roth", "HSH-Chef genehmigte offenbar verlustreiches Geschäft", "Milliarden für die HSH: Trauerspiel in fünf Akten", "Neuer HSH-Prozess: Ex-Chefs kaufen sich frei", "Details On The Wild Allegations Of Spying And Porn Evidence Planting At A German Bank", "Hamburg Bank Scandal: Ex-Government Spokesman Spread Child Porn Investigation Rumors", "Wronged German Bank Manager: 'It's As If I Were Paralyzed, HSH Nordbank invites indicative bids from potential buyers, HSH Nordbank overhaul spells end of state aid, HSH Nordbank poised for worst results since 2008, HSH Nordbank plans to sell $3.7 bln in bad loans under bailout programme -sources, "HSH Nordbank recognises provision for cum-ex-transactions in the years 2008-2011", "Cum-Ex trading scandal in Germany - A huge challenge for financial institutions and the insurance industry | Lexology", "Tax Avoidance: Commerzbank Defends Ex-Dividend Tax Exemptions", HNA, Apollo Global among bidders vying for HSH Nordbank: sources, German regulator welcomes Chinese interest in nation's banks, HSH Nordbank attracts handful of potential bidders - sources, HNA won't submit bid for Germany's HSH Nordbank: Handelsblatt, Three rivals vie to buy Germany's HSH Nordbank, HSH Nordbank bondholders fear privatisation measures, HSH Nordbank sale in separate private equity vehicles: sources, HSH Nordbank to be sold to US private equity consortium, "HSH Nordbank Bondholders Sue for €1.4 Billion", "HSH bondholders seek U.S. help in lawsuit over privatization", "Memorandum of Law in Support of Motion – #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) – CourtListener.com", "Discovery – #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) – CourtListener.com", "Memorandum & Opinion – #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) – CourtListener.com", "Huk-Coburg, Talanx und Baloise ziehen vor Gericht - bocquell-news.de", "Streit um stille Einlagen: HSH-Nachfolgerin wehrt sich mit White & Case gegen Klagen « JUVE", "Banker to reveal workings of trading scheme in German fraud trial,...", "Cum-Ex: Steuerskandal: Staatsanwaltschaft ermittelt gegen ehemalige HSH Nordbank", "HSH-Nordbank: Ermittlungen gegen Ex-Manager wegen Cum-Ex", Documents and clippings about Hamburg Commercial Bank, https://en.wikipedia.org/w/index.php?title=Hamburg_Commercial_Bank&oldid=967214851, Wikipedia articles with WorldCat identifiers, Creative Commons Attribution-ShareAlike License, This page was last edited on 11 July 2020, at 21:38.
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