Libby Cherry

Die österreichische Finanzaufsicht FMA hat der Wiener European American Investment Bank mit sofortiger Wirkung die weitere Geschäftstätigkeit untersagt. Dem Geldhaus waren Versäumnisse bei der Geldwäscheprävention sowie ein erheblicher Wertberichtigungsbedarf im Kreditportfolio vorgeworfen worden.

The Austrian financial regulator stepped in to shut down European American Investment Bank AG after finding anti-money laundering shortfalls and credit losses at the lender with ties to Adler Group SA’s former chairman.

Bank lenders who suffered heavy losses when German auto supplier Leoni AG was restructured last year are set to receive a payout if a takeover deal with Chinese supplier Luxshare goes through.

(Bloomberg) -- Bank lenders who suffered heavy write-downs when German auto supplier Leoni AG was restructured last year are set to receive a payout if a takeover deal with Chinese supplier Luxshare goes through.

The Schoeller Group is in exclusive talks to buy Signa’s Upper West tower in Berlin, according to people familiar with the matter, in one of the most closely watched property transactions in Germany.

Pierer Mobility, which also owns two-wheeler brands Husqvarna and MV Agusta, expanded rapidly in the pandemic, but demand has since dropped off.

(Bloomberg) -- Packaging company Kloeckner Pentaplast, backed by Strategic Value Partners, is reaching out to investors to raise about €2 billion ($2.1 billion) of capital to refinance its debt load.

Der Verpackungsspezialist Klöckner Pentaplast will dem Vernehmen nach rund 2 Milliarden Euro zur Schulden-Refinanzierung beschaffen und geht dazu bereits auf Investoren zu.

Angesichts der Krise in der deutschen Automobilindustrie steht der angeschlagene Zulieferer Webasto dem Vernehmen nach vor einer möglichen Restrukturierung von mehr als 1 Milliarde Euro Schulden.

Canary Wharf Group’s owners are offering to provide £900 million ($1.1 billion) of new equity to help the property company repay debt — on the condition that bondholders agree to a new layer of secured borrowing.