Join our crew and become one of the 106,463 members that receive our newsletter.

banking


Thursday, June 1, 2017
Commerzbank Moves Closer to Shedding Toxic Ship Loans
Maritime News

Commerzbank Moves Closer to Shedding Toxic Ship Loans

FRANKFURT, June 1 (Reuters) – Commerzbank AG on Thursday announced significant steps in its effort to shed its 4.5 billion euro ($5.05 billion) portfolio

June 1, 2017
Total Views: 1135

Friday, March 10, 2017
cargo ship
Maritime News

NordLB to Inject Capital into Bremer Landesbank After Shipping Writedowns

FRANKFURT, March 10 (Reuters) – German state-controlled lender NordLB will inject money into its loss-making Bremer Landesbank (BLB) unit, which is

March 10, 2017
Total Views: 68

Monday, January 23, 2017
Japan’s Orix Looking to Scoop Up More European Shipping Debt
Maritime News

Japan’s Orix Looking to Scoop Up More European Shipping Debt

LONDON, Jan 23 (Reuters) – Japanese financial services firm Orix Corp said it was looking to buy more shipping loans in Europe after confirming on Monday

January 23, 2017
Total Views: 8

Shipping Bank HSH Nordbank Invites Indicative Bids from Potential Buyers
Maritime News

Shipping Bank HSH Nordbank Invites Indicative Bids from Potential Buyers

FRANKFURT, Jan 23 (Reuters) – Shipping finance provider HSH Nordbank has launched its planned sale, inviting expressions of interest from potential

January 23, 2017
Total Views: 1

Friday, January 20, 2017
RBS Sells $600 Million of Shipping Loans -Sources
News

RBS Sells $600 Million of Shipping Loans -Sources

LONDON/TOKYO, Jan 20 (Reuters) – Royal Bank of Scotland has concluded agreements to sell at least $600 million worth of shipping loans from its portfolio

January 20, 2017
Total Views: 1069

Wednesday, December 21, 2016
cargo ship
News

RBS Close to Selling Shipping Loans Worth $600 Million -Sources

By Jonathan Saul and Andrew MacAskill LONDON, Dec 21 (Reuters) – Royal Bank of Scotland is close to selling at least $600 million worth of shipping loans

December 21, 2016
Total Views: 1130

cargo ship
Maritime News

Niche Shipping Bank Opens in Norway

A niche bank for the shipping and offshore sectors has opened for business in Norway after years of planning. Starting Wednesday, December 20, 2016, Maritime

December 21, 2016
Total Views: 64

Wednesday, December 14, 2016
Proposed New Capital Rules Threaten Struggling Shipping Sector
Maritime News

Proposed New Capital Rules Threaten Struggling Shipping Sector

By Jonathan Saul LONDON, Dec 14 (Reuters) – The global shipping industry will hit a credit crunch if proposed new bank capital rules are implemented in a

December 14, 2016
Total Views: 45

Monday, November 14, 2016
loaded containership
News

German Shipping Bank DVB Seeks Capital Increase Amid Downturn

FRANKFURT, Nov 14 (Reuters) – German shipping bank DVB said on Monday it will seek a capital increase after write-downs on bad loans pushed the lender to

November 14, 2016
Total Views: 3

Wednesday, November 9, 2016
Bank of Ireland Still Winding Down Shipping Loan Business
Maritime News

Bank of Ireland Still Winding Down Shipping Loan Business

By Jonathan Saul LONDON, Nov 9 (Reuters) – Bank of Ireland said it is still winding down its shipping business, among a number of banks looking to cut

November 9, 2016
Total Views: 891

Tuesday, November 8, 2016
News

Bank of Ireland Joins Others in Shipping Loan Wind Down

By Jonathan Saul LONDON, Nov 8 (Reuters) – Bank of Ireland said it is winding down its shipping business, joining other banks looking to cut non-core

November 8, 2016
Total Views: 860

Friday, November 4, 2016
KKR’s Pillarstone Set to Snap Up Europe Shipping Loans After Appointing Industry Vet
Maritime News

KKR’s Pillarstone Set to Snap Up Europe Shipping Loans After Appointing Industry Vet

By Steve Slater LONDON, Nov 4 (IFR) – Pillarstone, the platform set up by US private equity firm KKR to buy non-core bank assets in Europe, looks set to

November 4, 2016
Total Views: 158

Tuesday, September 20, 2016
RBS Starts Winding Down Shipping Business as Hope for Sale Fades
Maritime News

RBS Starts Winding Down Shipping Business as Hope for Sale Fades

By Jonathan Saul LONDON, Sept 20 (Reuters) – The Royal Bank of Scotland has begun winding down its global shipping finance business, it said on Tuesday,

September 20, 2016
Total Views: 12

Thursday, September 15, 2016
containership
Maritime News

German Banks Count Cost of Global Shipping Crisis

By Jonathan Saul and Andreas Kröner LONDON/FRANKFURT, Sept 15 (Reuters) – German banks are struggling to recoup tens of billions of dollars of loans as

September 15, 2016
Total Views: 45

Thursday, September 1, 2016
NordLB office building hamburg
Uncategorized

Germany Bails Out Bad Shipping Loans

German state-controlled lender NordLB has agreed to take full control of its loss-making Bremer Landesbank (BLB) unit, which is suffering from a weak shipping

September 1, 2016
Total Views: 8

Sunday, August 28, 2016
hurtigruten cruise ship MS Finnmarken
Finance

Hurtigruten Attracts Private Equity

Norwegian cruise operator Hurtigruten ASA has attracted interest from buyout firms EQT Partners AB, Bain Capital and TPG, according to people familiar with the

August 28, 2016
Total Views: 1164

Monday, August 22, 2016
NordLB office building hamburg
Finance

NordLB to sell $1.5B In Shipping Loans

by Maria Sheahan (Reuters) Aug 22 German state-owned lender NordLB and KKR Credit said they had reached an agreement by which KKR Credit will acquire a $1.5

August 22, 2016
Total Views: 9

Thursday, August 11, 2016
RBS Puts Turkish Shipping Loans Up for Sale in Exit from Sector
Maritime News

RBS Puts Turkish Shipping Loans Up for Sale in Exit from Sector

By Jonathan Saul and Andrew MacAskill LONDON, Aug 11 (Reuters) – Royal Bank of Scotland has put its portfolio of Turkish shipping loans up for sale, in

August 11, 2016
Total Views: 13

More Swiber Fallout as Debt Panic Hammers Singapore Banks
Maritime News

More Swiber Fallout as Debt Panic Hammers Singapore Banks

By Jonathan Burgos (Bloomberg) — The recent drubbing in Singapore bank stocks is turning Southeast Asia’s biggest lenders into bargains for money

August 11, 2016
Total Views: 13

Monday, August 8, 2016
Collapse of Penny Stock Swiber Holdings Riles Singapore Oil Hub, Banks
Maritime News

Collapse of Penny Stock Swiber Holdings Riles Singapore Oil Hub, Banks

By Kyunghee Park and Chanyaporn Chanjaroen (Bloomberg) — With a market value of S$50 million ($37 million), Swiber Holdings Ltd. hardly seemed the kind

August 8, 2016
Total Views: 126
close

JOIN OUR CREW

Maritime and offshore news trusted by our 106,463 members delivered daily straight to your inbox.

Join Our Crew

Join the 106,463 members that receive our newsletter.