EC Investigating HSH Nordbank Aid Package

23 Oct 2009

The European Commission has launched an investigation of the aid package HSH Nordbank received from a German government entity.

The European Commission has launched an investigation of the aid package HSH Nordbank received from a German government entity. The German Länder of Hamburg and Schleswig-Holstein has provided the lender with a €10 billion ($15.03 billion) risk shield and a €3 billion ($4.5 billion) recapitalization, and the EC’s ...

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