HSH Nordbank

Plugging a Financial Black Hole

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HSH Nordbank had been staring into the abyss until its latest bailout.
  • Why it matters

    Why it matters

    The second bailout since 2009 for beleaguered northern German state bank HSH Nordbank sets a course for privatization while putting the onus on states – and their taxpayers – to extract value from its bad debt.

  • Facts

    Facts

    • HSH Nordbank’s CEO says the two-year-long E.U. proceeding “ended positively” for the state-owned bank.
    • The bank now has the “financial leeway” to undergo privatization, he added.
    • State lawmakers express concern over assuming HSH’s liabilities.
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    Audio

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