bia06
Listen other's viewpoint avoid conflicts & wars.
Dante, please do come more often to post here
Hi Dante!
Welcome back, long time we don't read from you.
Please do post more often if u can![Pollice su! :up: :up:](/images/smilies/thumbsup.gif)
![Pollice su! :up: :up:](/images/smilies/thumbsup.gif)
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Tchuss
Hi Dante!
Welcome back, long time we don't read from you.
Please do post more often if u can
![Pollice su! :up: :up:](/images/smilies/thumbsup.gif)
![Pollice su! :up: :up:](/images/smilies/thumbsup.gif)
![Pollice su! :up: :up:](/images/smilies/thumbsup.gif)
Tchuss
Hi Bosmeld, yes that is quite good news for WestLB.
Most important, the use of the german banking restructuring act "RestrukturierungsG" seems to be off the table. That was the main threat to the value of WestLB Hybrids, both profit participations (Genussscheine) and silent participations (the hybrid capital fundings). Also the timeline till 2015 looks favorable, as no fire sales might be necessary. The incurring losses will be shared between the state, the bund and the Sparkassen, but as it seems not mainly by WestLB AG itselft, which is another positive. The hybrids might in time move to a merged Landesbank.
So, the bad news for WestLB should stop now as all involved partys now share the desire for moving ahead. But please, let's not jump the boat prematurely before the commission accepts these new plans...