Shares in Hypo Real Estate are lower this morning despite pledges to provide 50- billion euros in rescue funding - je 06.10.2008 08
Sebastian KatzerOctober 6, 2008
Shares in Hypo Real Estate are lower this morning despite pledges by the German government and major banks to provide 50- Bbillion euros in rescue funding. It blames its current problems on its Irish subsidiary Depfa which is having acute liquidity problems. Hypo Real Estate is one of the biggest commercial property lenders in Germany.