London, New York, Frankfurt Jamie Dimon can’t wait. The US offices of JP Morgan Chase The CEO of America’s largest bank ordered it to reopen. If you want, you can sniff the office air again. A capacity limit of 50 percent still applies. But Dimon hopes that “in September or October it could look almost … Read more
Application form for corona aid Many entrepreneurs are dependent on government support in the pandemic. – (Photo: dpa) – – – – Berlin Economy Minister Peter Altmaier (CDU) and Finance Minister Olaf Scholz (SPD) have announced one aid program after another for the economy since the beginning of the pandemic. Aid amounting to 89.4 billion … Read more
HypoVereinsbank is financing the Magdeburg housing project Quartier an der Elbe with a green real estate loan from BMO. The asset manager acquired the residential project near the Elbe and the city center last year [wir berichteten]. . <!– –> HypoVereinsbank is financing the acquisition of the Magdeburg residential construction project “Quartier an der Elbe” … Read more
Monday, February 22, 2021 KfW loan repaid Adidas pays a dividend again – Last year, Adidas tapped the state credit bank KfW. In return, the group cut the dividend for the shareholders. With the complete reimbursement of the financial aid, the shareholders should participate in the profits again. The world’s second largest sporting goods company, … Read more
The software company Teamviewer has issued a borrower’s note worth EUR 300 million with a sustainability component. The interest margin on the loan is linked to the company’s development in the areas of environmental, social and governance (ESG). The tranches have terms of three, five, seven and ten years and were placed at the lower … Read more
Düsseldorf Alleged “human error” costs the major US bank Citigroup almost half a billion dollars. In August 2020, the bank transferred a total of $ 893 million to several creditors as loan administrator for the cosmetics manufacturer Revlon, appearing to be repaying a loan that was actually not due until 2023. In fact, Citigroup said … Read more
– Lufthansa Before it broke off business overnight due to Corona, Lufthansa was a healthy and profitable company. – (Photo: Imago) – – – – Government aid to large publicly traded corporations is a tricky business, even in the worst economic crisis since the Great Depression. Every time there is speculation about new cases, it … Read more
KfW has become one of the most important banks again since the corona crisis. The KfW corona loan is the favorite instrument of CFOs. But the house banks also play a role; they forward the application to KfW and participate in the loans. Companies can only apply for loans of 100 million euros or more … Read more
Tui, K + S and Kion – these are just three of the best-known companies that use the aid loans from the state development bank KfW. In total, over 90,000 loan applications for a total volume of more than 56.7 billion euros had been received by KfW by the end of September. And KfW has … Read more
Port of Hamburg “The realization that the virus cannot be stopped at the borders has prevailed,” says Anton Börner. – (Photo: dpa) – – – – Berlin The new restrictions to combat the corona pandemic are appropriate from the point of view of wholesale and foreign trade. The measures are “consistent and correct,” said Anton … Read more