- A regional bank with about 40 billion euros in assets, dubbed Verbundbank, will provide service to regional savings banks and will be taken over by Frankfurt-based Helaba, along with 451 former WestLB employees.
- A "bad" bank, known as Erste Abwicklungsanstalt (EAA), which has already been working to wind down bad assets worth around 51 billion euros as of the end of 2011. The EAA will also be tasked with winding down about 100 billion euros of additional assets from WestLB's final breakup, including those of property finance unit Westdeutsche Immobilienbank AG.
- A financial services and portfolio management company called Portigon, which starts business on Monday with around 3,500 former WestLB employees, but is expected to end the year with less than 2,700. Staff numbers are expected to decline further thereafter and Portigon's sole owner, the state of North Rhine-Westphalia, is due to sell the business by the end of 2016.
Portigon is expected to help with the winding down of bad assets held by the EAA, which will have only about 100 employees.
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