with Oli | Strategies


Archive for Oktober 5th, 2008

2 biggest German Banks calm markets …

Sonntag, Oktober 5th, 2008

After the scandalous failure of Hypo Real Estate, Deutsche Bank and Commerzbank, Germany’s 2 biggest banks, calmed markets by reassuring, that their liquidity is secured until well into 2009. To be honest, this is THE LEAST, one can expect from a financial institute after the developments, which started February 2007. Financial institutes, which are still [...]

Germany’s Hypo Real Estate implodes …

Sonntag, Oktober 5th, 2008

German Dax Index member Hypo Real Estate announced that the 35bln Euro “survival-package” has been withdrawn by a consortium of banks. The need for capital is said to be 50bln Euro for 2008 and up to more than 100bln Euros for 2009. Black Monday anybody?