Iran Sanctions Breach Suspicion Prompts Bank to Seize Ships
By Saket Sundria, Serene Cheong and Dan Murtaugh (Bloomberg) –Reports alleging that fuel tankers appeared to breach U.S. sanctions against Iran were cited in court filings by a bank as...
By Saket Sundria, Serene Cheong and Dan Murtaugh (Bloomberg) –Reports alleging that fuel tankers appeared to breach U.S. sanctions against Iran were cited in court filings by a bank as...
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 market that is chipping away at...
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 billion portfolio of...
BERLIN, Feb 14 (Reuters) – German public-sector lender NordLB is not planning a merger with peer HSH Nordbank, its Chief Executive said in reaction to comments from an HSH stakeholder...
Norddeutsche Landesbank Girozentrale, one of the world’s top shipping lenders, increased loan-loss provisions by 2 percent in the third quarter as the industry crisis entered its sixth year.
FRANKFURT, April 23 (Reuters) – NordLB’s, one of the world’s top ten ship financiers, expects the shipping industry to have passed its darkest hour, though provisions will remain high this...
(Bloomberg) — Norddeutsche Landesbank Girozentrale, the world’s fifth-largest shipping lender, returned to profit in the third quarter after higher interest income offset a jump in loan losses. Net income advanced...
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