Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

EU launches probe into Nordbank state aid plan

Published 10/23/2009, 06:18 AM
Updated 10/23/2009, 06:21 AM

BRUSSELS, Oct 23 (Reuters) - European Union antitrust regulators opened an in-depth investigation into a German state aid package for regional lender HSH Nordbank on Friday, saying they suspected the plan might violate EU rules.

"The (European) Commission has doubts ... in particular as regards the eligibility and valuation of assets covered by the risk shield and remuneration of the Laender (region) for the risk shield provided," the EU executive said in a statement. The Commission said it needed to verify whether the measures could restore the bank's long-term viability. (Reporting by Bate Felix and Foo Yun Chee; Editing by Dale Hudson)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.