Former Bayerische Landesbank Chief Risk Officer Gerhard Gribkowsky said he didn’t receive a summons in a New York lawsuit against Formula One Chief Executive Officer Bernie Ecclestone over sale of an F1 stake.
Hungary’s central bank has agreed with commercial lenders to increase the margin allowed on loans funded by its zero-interest lending plan, designed to end a recession, Magyar Nemzeti Bank President Gyorgy Matolcsy said.
Eight thin-film solar plants using First Solar Inc. modules built at a former Soviet military airport in Germany received more than 150 million euros ($200 million) in bank financing, law firm Norton Rose LLP said.
Ten German government-owned banks had their senior debt and deposit ratings cut by Moody’s Investors Service because it said “there is now a lower likelihood” that the lenders would get external support.
Patrizia Immobilien AG agreed to buy Bayerische Landesbank’s GBW AG unit in a transaction that values the residential landlord at 2.5 billion euros ($3.3 billion) including debt. The deal would be the largest in Germany’s property market in five years.