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UPDATE 1-WestLB remnant could stay in public hands -sources
UPDATE 1-WestLB remnant could stay in public hands -sources | Reuters
The bank, which once strove to compete with the likes of Deutsche Bank (DBKGn.DE), will be reduced to a core that only caters to the municipally owned savings banks, the sources said.
As part of the plan, drawn up by savings banks that co-own WestLB, units such as its project finance and capital markets businesses will be sold to investors, and whatever remains will be transferred to its "bad bank", they added.
UPDATE 1-WestLB remnant could stay in public hands -sources | Reuters
The bank, which once strove to compete with the likes of Deutsche Bank (DBKGn.DE), will be reduced to a core that only caters to the municipally owned savings banks, the sources said.
As part of the plan, drawn up by savings banks that co-own WestLB, units such as its project finance and capital markets businesses will be sold to investors, and whatever remains will be transferred to its "bad bank", they added.