Articles Written by:    AARON KIRCHFELD     

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Volkswagen eyes share sale to handle Porsche purchase

FRANKFURT, Germany — Volkswagen AG is considering selling as much as $5.7 billion in shares to help protect its credit rating as Europe's largest carmaker prepares to buy Porsche SE's automotive division, according to two people familiar with the ...

From ANDREAS CREMER AND AARON KIRCHFELD, Denver Post,  27 Jul 2009
Related Topics: Standard Poor's

Porsche, VW may not reach merger this week

Berlin: Porsche SE may not make a decision this week on a plan to merge with Volkswagen AG as the sports car maker’s controlling families can’t agree on measures to reduce debt, three people familiar with the situation said. Porsche’s supervisory board ...

From ANDREAS CREMER AND AARON KIRCHFELD, livemint.com,  21 Jul 2009

Commerzbank Shares Fall After Deal

Comments that include profanity or personal attacks or other inappropriate comments or material will be removed from the site. Additionally, entries that are unsigned or contain "signatures" by someone other than the actual author will be removed. ...

From AARON KIRCHFELD AND OLIVER SUESS, The Washington Post,  2 Sep 2008
Related Topics: Commerzbank,  Deutsche Bank,  Citigroup

German investor suffers share dive

SHARES in Colonia Real Estate AG, a German property investor, have fallen the most in 10 months in Frankfurt trading after the firm cut its full-year profit forecast, citing financial-market uncertainty. Colonia dropped 11 percent, the most since ...

From AARON KIRCHFELD, Shanghai Daily,  17 Aug 2008
Related Topics: Bloomberg News

French break into German market

CITIGROUP Inc, the largest US bank, has agreed to sell its German consumer unit to France's Credit Mutuel Group for 4.9 billion euros (US$7.8 billion) to shore up capital. The Paris-based customer-owned bank will pay the amount in cash, plus the ...

From AARON KIRCHFELD, Shanghai Daily,  11 Jul 2008
Related Topics: Citigroup,  Deutsche Bank,  Vikram Pandit,  Merck & Company, Inc.,  Josef Ackermann

UBS AG receives a negative report card

UBS AG, the European bank with the biggest losses from the United States subprime collapse, may book more writedowns in the second quarter than rivals Credit Suisse Group and Deutsche Bank AG. This is the call by analysts at Goldman Sachs Group Inc, ...

From AARON KIRCHFELD, Shanghai Daily,  19 Jun 2008
Related Topics: UBS AG,  Deutsche Bank,  Goldman Sachs,  Bloomberg News,  Chris Turner

Deutsche bank chief aims for stability

DEUTSCHE Bank Chief Executive Officer Josef Ackermann said Germany's biggest bank may make acquisitions to bolster consumer banking as financial markets remain challenging. "We will not stand on the sidelines" of German banking consolidation, ...

From AARON KIRCHFELD, Shanghai Daily,  29 May 2008
Related Topics: Deutsche Bank,  Josef Ackermann,  Citigroup

Europeans feel pinch thanks to credit-crunch writedowns

DEUTSCHE Bank AG, Germany's biggest bank, yesterday reported its first quarterly loss in five years after writing down the value of loans for leveraged buyouts and asset-backed securities by 2.7 billion euros (US$4.2 billion). The Frankfurt-based ...

From AARON KIRCHFELD, Shanghai Daily,  29 Apr 2008
Related Topics: Deutsche Bank,  Josef Ackermann,  UBS AG,  CREDIT SUISSE GROUP

More writedowns for embattled German bank

BAYERISCHE Landesbank has reported 4.3 billion euros (US$6.7 billion) in writedowns from the subprime-market collapse, double its previous estimate and the biggest of any German state bank. Profit fell to 175 million euros last year from 989 million ...

From AARON KIRCHFELD, Shanghai Daily,  3 Apr 2008
Related Topics: Bloomberg News

WestLB posts first loss in three years

WESTLB AG, the government-owned German bank reeling from subprime-related investments, posted its first loss in three years on writedowns and errant trading bets. The 1.6-billion-euro (US$2.5-billion) loss for 2007 compares with 799 million euros in ...

From AARON KIRCHFELD, Shanghai Daily,  2 Apr 2008
Related Topics: Bloomberg News

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