savings-banks

Splitting up state-backed German lender WestLB would be the most sensible scenario for the ailing bank, the head of Germany's biggest regional savings-banks association said, as pressure mounts on WestLB and its shareholders to drastically reduce the bank's size and find new owners by the end of 2011.

Business Watch 2011

SEOUL—South Korea's financial authorities on Thursday announced a plan to strengthen the supervision of the distressed savings-banks sector and to require the small lenders to meet higher fiscal standards.

Korea to Strengthen Bank Supervision Se Young Lee 2011

South Korea's financial authorities announced a plan to strengthen the supervision of the distressed savings-banks sector and to require the small lenders to meet higher fiscal standards.

Business Watch 2011

The Landesbanken, which are typically owned by local governments and savings-banks associations, were some of the hardest hit victims of the financial crisis in Germany.

Germany's WestLB, BayernLB in Merger Talks 2010

To survive, it received more than € 10 billion in fresh capital and guarantees from the German government and its owners, which include the state of North-Rhine Westphalia and local savings-banks associations.

EU Widens Probe Into WestLB Carolyn Henson 2010

The regional savings-banks associations of Westphalia-Lippe and Rhineland own a little more than 25% each in WestLB, the state of North Rhine-Westphalia indirectly and directly holds the rest.

WestLB Dodges Closure After Guarantee Is Struck Rüdiger Schoss 2009

BayernLB is 50%-owned by the German state of Bavaria and 50% by the Sparkassenverband Bayern, the Bavarian savings-banks association.

BayernLB courts IKB 2008

North-Rhine Westphalia holds a 38% stake in WestLB, while savings-banks associations Westphalia-Lippe and Rhineland own 25% each.

WestLB Forecasts $1.46 Billion Loss 2008

In England, in most branches of trade, the low rate of wages renders it impossible for the operative to save any portion of his earnings; and even when he is able to do so, he can rarely obtain a higher rate of interest for his money than that which the savings-banks offer.

The Englishwoman in America 2007

There are in the savings-banks of many manufacturing centers in our country amounts which if capitalized would place the workingmen of those towns in industrial independence; moneys which, in some instances, are actually furnishing the borrowed capital for their own employers.

Black and White T. Thomas Fortune 2007