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Westdeutsche Landesbank AG information


WestLB head office in Düsseldorf, photographed in 2008

Westdeutsche Landesbank (lit.'Western German Provincial Bank', abbreviated as WestLB) was a major German bank based in Düsseldorf, mainly controlled by the German state of North Rhine-Westphalia. It was created in 1969 by the merger of two predecessor entities respectively for the Rhineland and Westphalia. As a Landesbank, WestLB's core business was wholesale banking on behalf of the region's Sparkassen, but it expanded into numerous risky activities that ultimately led to its restructuring and dismantlement in the late 2000s. As of 30 June 2012, the residual operations of WestLB were transferred to a legacy non-bank entity, Portigon Financial Services AG.

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Westdeutsche Landesbank AG

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Westdeutsche Landesbank (lit. 'Western German Provincial Bank', abbreviated as WestLB) was a major German bank based in Düsseldorf, mainly controlled...

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Landesbank

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In German-speaking jurisdictions, Landesbank (plural Landesbanken), lit. 'bank of the Land', generally refers to a bank operating within a territorial...

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TUI Group

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with Thomas Cook into a holding company owned by the German bank Westdeutsche Landesbank, Carlson Inc and Preussag. However, in mid-2000 Preussag acquired...

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German public banking sector

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Mitteldeutsche Landesbank survived the episode largely unscathed. Other cases of major difficulties have included the troubles of Westdeutsche Landesbank (WestLB)...

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Peter Schnell

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at Westdeutsche Landesbank. Schnell was responsible for the maintenance and further development of Adabas for mainframe systems of IBM and Siemens AG. The...

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Deutsche WertpapierService Bank

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six Landesbanks (BayernLB, Bremer Landesbank, HSH Nordbank, Helaba, Nord/LB and SaarLB), Portigon AG (formally Westdeutsche Immobilienbank AG) and other...

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Gerresheimer

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shareholder was the Westdeutsche Landesbank (WestLB), which acquired around 58% of the shares in Gerresheimer Glas AG from Owens Illinois. VIAG acquired...

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Bertelsmann

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temporarily from Westdeutsche Landesbank, failed in 1970. Starting in 1971, Bertelsmann operated as a joint-stock company ("Aktiengesellschaft" or "AG"), renamed...

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Michael Frenzel

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with a doctoral degree in law. He joined Westdeutsche Landesbank in 1981. In 1988 Frenzel joined Preussag AG as an executive responsible for trading and...

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German Cooperative Financial Group

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Bankengruppe in Austria KBC Group in Belgium Crédit Mutuel in France Raiffeisen Landesbank Südtirol – Cassa Centrale Raiffeisen dell'Alto Adige in Italy Banque Raiffeisen...

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Penalties in English law

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HCA 63, (1986) 162 CLR 170 at 192-193, High Court (Australia). Westdeutsche Landesbank Girozentrale v Islington LBC [1996] UKHL 12, House of Lords (UK)...

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Jens Spahn

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Ahaus. In 2001 he completed an apprenticeship as a banker at the Westdeutsche Landesbank, and worked until 2002 as a bank clerk. In 2003, Spahn began studying...

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Wolfgang Clement

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(HDO – PUA II), High Definition Oberhausen (HDO – PUA III), and Westdeutsche Landesbank Girozentrale. After the 2002 federal elections, Clement was part...

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List of House of Lords cases

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WLR 105 R (ex parte Beckwith) v Wandsworth LBC [1996] 1 WLR 60 Westdeutsche Landesbank Girozentrale v Islington LBC [1996] UKHL 12 R v Acott [1997] UKHL...

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2010 European Union bank stress test

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HSH Nordbank AG Germany 7491 71391 10.5 14.9 9.9 9.7 Landesbank Hessen-Thüringen GZ Germany 5416 61272 8.8 8.9 7.9 7.3 Landesbank Berlin AG Germany 5642...

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English unjust enrichment law

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interest. They said this was because there was no ‘resulting trust’. Westdeutsche Landesbank Girozentrale v Islington LBC [1996] AC 669, the council had no...

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