Can You Get An Std From Feet

Influence of the U.S. mortgage crisis on German banks

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subprime crisis

German banks fear their money

with IKB, the first German bank in the vortex of the U.S. mortgage crisis advised. However, the Financial Supervision of a single case, says that investors are deeply insecure. Their concern is legitimate, but have a number of local bankers, her fingers playing in the billions. For some banks details are known.

mm / fmd / HB LONDON / BERLIN / DÜSSELDORF. On Monday afternoon the Commerzbank the cat out of the bag: It assumes that the crisis reduces overseas earnings by 80 million euros. However, would these losses would be booked in the second and third quarters, have no effect on the profit forecast for the full year.
how much fear the shareholders, the impact of the recent turmoil, a glance at the price of Deutsche Bank. In just one week of the Frankfurt market leader has lost more than 7 percent in value, much higher than the comparable European bank index, which declined by just under 5 percent. In fact, the German bank is one of the money houses, call the analysts always a potential victim of the recent turmoil. But WestLB is one of the institutions where the experts suggest risks in the balance sheet.
is present, the danger in the night turned to Monday: The IKB was completely surprised to find a profit warning and announced simultaneously with the departure of her boss Stefan Ortseifen. The Institute had speculated on derivatives in the U.S. mortgage market so badly that engage even the main shareholder KfW had to secure the solvency of the subsidiary. The state-owned KfW, the MDAX-listed institution to shield against all risks. This requires the de facto IKB give up their independence: A new chief is the KfW board member Guenther Bräunig.
The Financial Supervisory Authority tries after the debacle at IKB bank but to calm the markets. "The commitment of the German institutions in the U.S. subprime market as a whole is limited," a BaFin spokeswoman said on request. IKB have here an "institution-specific problem that could not be generalized. But the uncertainty is due as well. The
continuing crisis in the market for risky U.S. mortgages to investors in many other markets appetite passed on risky investments. Above all acquisitions of financial investors who finance their purchases of up to 80 percent in loans available to investors over suspicious. Had to be modified to be unraveled over 30 financing packages for acquisitions. The banks were sitting on billions, they wanted to reach in the capital market.
The institutes have their commitment to this sector is generally not separately, so estimates are difficult to load. This is all the more because some institutions such as the German Bank and JP Morgan while in many large transactions are in the process see their role is primarily as a broker and the loans quickly enter the capital market. Other banks argue that debt longer to benefit from the high returns. Despite these difficulties, the investment bank Morgan Stanley has tried to take all available data on the credit markets together, and to draw their own conclusions.
The analysts expect that the Deutsche Bank alone threaten the business with risky U.S. mortgage charges of 435 million dollars. That would be just over 4 percent of the expected profits for 2007 taxes. For the Swiss Credit Suisse and Royal Bank of Scotland (RBS), the experts say even loads ahead of 535 million dollars or 718 million dollars. Europe's largest bank HSBC is again likely to belong to the victims of the subprime crisis. The bank has raised its provision for bad loans already in the spring by 36 percent to 11 billion dollars.
was in business with European leveraged loans for financial investors, the German bank involved in this year nine of the twenty largest finance. The WestLB in Düsseldorf, which has laid off because of problems in controlling risks to their CEO, was with six of the top deals here. On top of these rankings, the French BNP Paribas are followed by the RBS and the U.S. institutions Citigroup and JP Morgan. were in the U.S. local banks in the most courageous in lending to financial investors. JP Morgan is the data from the Bloomberg news agency expects a volume of 113 billion dollars on a market share of 18 percent. Ranked second and third, the Bank of America and Citigroup. The German bank follows with a market share of 8 percent, just behind Goldman Sachs to fifth.
at highest risk financing also running under the heading of Bridge Equity, the German bankers were there. It is bridge financing for acquisitions, for which banks provide not only loans available, but go with the equity risk. Klaus Diederichs, head of European investment banking JP Morgan, called such constructions "crazy." The news agency Reuters was one of the first half of a volume of 33 billion dollars for global equity bridge financing. In three of six major transactions in recent months, the German bank had came with it on so many large transactions Bridge only other Citigroup.
subprime market
from WirtschaftsWiki, the free knowledge base
called the subprime market, the market for U.S. mortgage loans that were contracted out to private building owners with poor credit. Anyone who pays a rate of time falls into this category.