HSH Nordbank EUR450 Million Write-Down Mainly Due To Lehman-Source
A structured credit portfolio with a nominal value of EUR600 million is composed "mainly" of Lehman paper, the person said. On Tuesday the bank said that the value of the portfolio had to be written down to EUR150 million.
In November, HSH Nordbank said its losses from Lehman exposure amounted to EUR140 million.
Company Web site: http://www.hsh-nordbank.de
-By Ruediger Schoss; Dow Jones Newswires; +49 69 29 725 500; ruediger.schoss@dowjones.com
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Publié le 18 Décembre 2008 Copyright © 2008 Dowjones
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