Brussels, 20/09/2011 (Agence Europe) - The European Commission gave its approval, on Tuesday 20 September, to restructuring aid for German regional bank HSH Nordbank consisting of a capital injection of €3 billion and a risk shield of €10 billion provided by the regions of Hamburg and Schleswig-Holstein, which together hold 85% of the bank's capital. The support also includes liquidity guarantees amounting to €17 billion.
In return, the bank has given a commitment to reduce its...