Translation of "Bankenpleite" in English

State where a bank has an operation it will be appropriately capitalized.

In addition, the time allowed for reimbursement where a bank goes bankrupt will be reduced from three months to three days.

Yes, creating a more streamlined bankruptcy process can reduce the decibel level of a bank’s failure, and bankruptcy judges are experts at important restructuring tasks.

Crucially , there is also increasing awareness that many savers could be caught out , and not reimbursed in the event of a bank failure because their savings exceed the coverage levels in their country .

However, soon after his return, he was forced to sell much of his large collection of Japanese woodblock prints as he lost all of his savings in a bank failure.

Thus, the collapse of an Italian bank would severely damage the economy of the surrounding region, whereas the effects of a US bank failure would be far more dispersed.

We have introduced common rules to ensure that shareholders and other investors – not taxpayers – are first to pay the bill when a bank fails.

However, it became known in March 2015 that the Düsseldorfer Hypothekenbank once again faced bank failure in the wake of the Hypo Alpe Adria crisis, implying that the ownership status was unclear.

But when a bank failure bankrupted the local iron industry, the operator of the railway, Steiermärkische Landesbahnen, lost their largest (and actually the only) freight customer.

We could debate what can and should be done, or how likely scenarios will play out, but the reaction to recent events such as the Spanish bank bailout and the Greek election results show us that the financial markets aren’t as affected by short-term events as by underlying fears about Spain’s ability to repay debts.

The Banks Recovery and Resolution Directive sets predictable and credible rules in the event of bank failure in EU member states and establishes solid ex-ante financing for national resolution funds, to be financed by banks.

A decision had already been made in the wake of the financial crisis that in case of a bank failure, the deposit insurance scheme of the Member States had to guarantee that deposits by savers of up to an amount of EUR 100.000 are safe.

EU governments should also unblock a legislation to ensure that banking deposits of our citizens and businesses are properly covered in case of bank failure.

Second, the 'temporary' introduction of controls on capital movements sets a bad precedent, and will surely be considered as a concomitant to any future depositor 'bail-in' solution to major banking collapses.

As of the start of the year in Austria, private bank savings in excess of 100,000 euros are no longer guaranteed by the state in... »more

Iwan-David Herstatt leads the oldest private bank in Cologne to new-found fame - and the biggest banking failure to date in post-war Germany.

All the practical questions deriving from this bankruptcy will invariably continue posing themselves also after the termination of the coalition government of the CDU (Christian Democrats) and SPD (Social Democrats) in Berlin; a change of government under the present conditions matters hardly anything.