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 gambling, should be […]

German Dax Index member Hypo Real Estate announced that the 35bln Euro “survival-package” has been withdrawn by a consortium of banks.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?

Hypo Real Estate is fighting for survival … again
The weakest of the German banks, member of the German DAX Index is said to be in talks to the authorities as it has trouble with its financing.
Cruel Monday?

Usually I like trend days, but today I did not get it until it was too late. Maybe I will adapt my rules a bit to deal better with it.
There are days, when good news is bad news and bad news is even worse news Today was one of them.
Early in the morning […]