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Deutsche Pfandbriefbank , one of Germany's top property financiers dating back to the 1860s and bailed out by the government in 2009, is navigating what it calls the greatest real estate crisis...
By Tom Sims and John O'Donnell FRANKFURT (Reuters) - Deutsche Pfandbriefbank (PBB), one of Germany's top property financiers dating back to the 1860s and bailed out by the government in 2009, is navigating what it calls "the greatest real estate cr...
Germany's Bayer said on Monday that it was amending its dividend policy to pay the legal minimum for a period of three years to reduce debt in a decision it said it did not take lightly. ...
FRANKFURT (Reuters) -German drugmaker Bayer said on Monday that it was amending its dividend policy to pay the legal minimum for a period of three years to reduce debt, in a decision it said it did not take lightly. The company said it was facing high debt and interest rates, as well as a "challenging free cash flow situation". "One of our top priorities is reducing debt and increasing flexibility," Chief Executive Bill Anderson said.
By Tom Sims and John O’Donnell FRANKFURT (Reuters) – European banks have about 1.4 trillion euros ($1.50 trillion) in loans to the troubled commercial property industry, amid a steep fall in office prices on both sides of the Atlantic and investor concerns about lenders’ ability to handle the risk. Banks in Germany have become a…