HSH Nordbank crisis

After the Federal State bank of Bavaria, it now becomes more likely that the West LB and also the HSH Nordbank will have to make use of the governmental finanical aid. First negotiations have already taken place in the centre at  Gerhardt-Hauptmann-Platz. CEO Hans Berger’s plan is to get the Government guaranty to refinance the the bank’s depts in the long run. Hans Berger and his shareholders will discuss their aproaches this week.

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