Financial Regulatory Forum

WestLB to shift 87 billion euros to first German bad bank

October 7, 2009

The headquarters of WestLB is pictured before the annual news conference in Duesseldorf March 26, 2009. REUTERS/Ina Fassbender (GERMANY BUSINESS HEADSHOT) By Jonathan Gould and Matthias Inverardi
FRANKFURT/DUESSELDORF, Oct 7 (Reuters) – Germany’s WestLB will jettison at least 87 billion euros ($128 billion) in risky assets to the country’s first “bad bank”, a move other lenders are likely to follow.

Dutch finance ministry talks with Deutsche about ABN remedy

October 5, 2009

AMSTERDAM, Oct 5 (Reuters) – The Dutch Finance Ministry and Deutsche Bank are still in talks to meet an EU competition remedy that would allow a merger between state-owned ABN AMRO and Fortis Bank Nederland, the ministry said on Monday.

EU sets Oct. 2 deadline for ABN remedy talks

September 21, 2009

AMSTERDAM, Sept 21 (Reuters) – European Union antitrust regulators are in discussions with the Dutch state over the stalled sales of assets from nationalised bank ABN AMRO under a deal mandated by the European Commission, the Dutch Finance Ministry said on Monday.

Deutsche Bank stops exchange-traded oil note sale as U.S. mulls regulation

August 18, 2009

By Joshua Schneyer

NEW YORK, Aug 18 (Reuters) – Deutsche Bank said on Tuesday it has stopped issuing an aggressive oil exchange-traded note as the U.S. government looks to increase regulation in commodities markets. Deutsche said it had temporarily halted issuance of PowerShares DB Crude Oil Double Long Exchange Traded Notes, which allow investors exposure to a rise in crude oil futures.