Tag: WestLB
Many ex-board members and a billion dollar scandal
Dusseldorf NRW-Landesbank WestLB has been history for eleven years. Devastating management failures contributed to its downfall. The institute was also involved in illegal cum-ex transactions. The Latin term describes stock…
Investigations against WestLB and Portigon managers become a thriller
Former headquarters of WestLB in Düsseldorf According to the public prosecutor’s office, the Landesbank’s cum-ex transactions were completed between 2007 and 2011. (Photo: imago stock&people) Dusseldorf Thomas Fischer, Alexander Stuhlmann,…
Dispute between WestLB successors goes to the Federal Court of Justice
Portigon flags The institute wants to use legal means to force the first liquidation institution to take over the tax authorities’ claims for reimbursement. (Photo: dpa) Cologne, Frankfurt The billion-euro…
NRW has to bear tax debts from WestLB cum-ex transactions
WestLB successor company Portigon Portigon, the legal successor to the broken-up Landesbank WestLB, loses in court and has to pay for tax liabilities from cum-ex transactions. (Photo: dpa) Frankfurt, Dusseldorf…
Savings banks are examining bad banks for troubled state banks
Liana Buchholz The 57-year-old is traded within the Sparkassen-Finanzgruppe as a possible successor to DSGV boss Helmut Schleweis. Muenster The savings banks want to avoid having to save troubled state…
Savings banks are examining bad banks for troubled state banks
Liana Buchholz The 57-year-old is traded within the Sparkassen-Finanzgruppe as a possible successor to DSGV boss Helmut Schleweis. Muenster Even 15 years after the outbreak of the global financial crisis,…
Portigon can pass Cum-Ex tax debts on to the savings banks
Savings banks must be liable for WestLB successors WestLB’s successor Portigon may shift up to 500 million euros from Cum-Ex tax debts to the savings banks in North Rhine-Westphalia. (Photo:…