FMS Wertmanagement AoeR, the German bad bank formed to wind down parts of Hypo Real Estate Holding AG, will start the sale of the servicing unit that administers about 119 billion euros ($164 billion) of assets.
Germany’s bank regulators must be better prepared to deal with financial crises and to spot risks earlier, even as the European Central Bank prepares to assume supervision duties this year, a group of global watchdogs said.
Hypo Real Estate Holding AG, the German lender that received a government bailout, drew offers of as much as 350 million euros ($472 million) for Dublin-based Depfa Bank Plc, two people familiar with the matter said.
Hypo Real Estate Holding AG , the commercial-property lender rescued by the German government following the financial crisis, failed a Europe-wide banking stress test, two people familiar with the results said.
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.
Pbb Deutsche Pfandbriefbank, the biggest unit of Germany’s Hypo Real Estate Holding AG, said third-quarter profit rose 27 percent as a property sale helped offset costs related to the valuation of derivatives.