Hypo Real Estate Holding AG , the only German lender that failed the European Union’s banking stress test last month, reported a smaller second-quarter loss as it set aside less money to cover bad loans.
Extra staff payments at Hypo Real Estate Holding AG , the lender whose 2009 implosion and state bailout represented Germany’s biggest bank failure since World War II, were “not inappropriate,” the government said.
Hypo Real Estate Holding AG , the German lender that’s owned by the government following a bailout during the financial crisis, had a narrower third-quarter loss as it cut provisions to cover bad loans.
Germany’s Hypo Real Estate Holding AG and France’s BNP Paribas SA and Societe Generale SA have the biggest holdings of Greek sovereign debt among European Union banks, according to a European Commission report.
Bonds sold by the Depfa Bank subsidiary of bailed-out lender Hypo Real Estate AG fell by the most in almost three years after Germany’s government scrapped plans to sell the unit and opted to wind it down instead.