Troubled German lender Hypo Real Estate said Friday it has been granted euro20 billion ($25 billion) in loan guarantees from a government fund, which comes on top of a previous bailout to stabilize its business amid the financial turmoil.
hypo real estateHypo Real Estate Group 3Q loss 3.1 billion eurosNewsvine - business Mon, 11/17/2008 - 02:30
German lender Hypo Real Estate reported Monday a net loss of 3.1 billion euros ($4 billion) in the third quarter as the financial crises worsened, with a unit in Ireland hit especially hard by write-downs on the values of its assets. Hypo Real Estate expects 3.1B euro 3Q pretax lossNewsvine - business Wed, 11/12/2008 - 02:14
Hypo Real Estate Holding AG, the commercial lender that got a 50 billion euro bailout from the German government last month, said Wednesday it expects to report a third-quarter pretax loss of 3.1 billion euros ($3.9 billion) because of more write-downs at its Irish bank. Hypo Real Estate gets 15 billion euro guaranteeNewsvine - business Fri, 10/31/2008 - 02:59
Hypo Real Estate Holding AG said the German government approved its request for a 15 billion euro ($19.6 billion) credit line, meant to guarantee its debt until it receives a larger bailout in a few weeks. Merkel: Germany working hard to keep Hypo afloatTopix - Business News Sun, 10/05/2008 - 16:40
German Chancellor Angela Merkel says her government is working hard to keep Hypo Real Estate AG afloat because it will not let the failure of any company disrupt Europe's biggest economy. She tells reporters: 'We will not allow the distress of one financial institution to distress the entire system. Merkel says the rescue plan would ensure that anyone who made reckless market decisions would be made to answer for their actions. Tags:
Merkel: Germany working hard to keep Hypo afloatNewsvine - business Sun, 10/05/2008 - 09:27
German Chancellor Angela Merkel says her government is working hard to keep Hypo Real Estate AG afloat because it will not let the failure of any company disrupt Europe's biggest economy. Tags:
Bailout for Germany's Hypo Real Estate collapsesNewsvine - business Sun, 10/05/2008 - 05:02
Hypo Real Estate, Germany's stricken commercial property lender, said it's fighting for survival after a 35-billion-euro government-backed rescue plan for the company fell apart. European Regulators Move Swiftly to Rescue LendersNYT > Business Mon, 09/29/2008 - 07:15
Regulators in Britain and Belgium engineered emergency rescues of two leading banks with heavy exposure to soured mortgages. |
