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Essay

A Heap of Trouble for HVB

Essay specific features

 

Issue:

Business

 

Written by:

Frances W

 

Date added:

October 14, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 671

 

Was viewed:

10215 times

 

Rating of current essay:

 
Essay content:

With a share price less than half of what it was a year ago; Rampl was hired on as HVB's new chief executive in charge of rescuing the sinking ship known as HVB. HVB's Troubles: HVB Group, the world's tenth largest bank, is in a world of trouble. HVB has 8.5 million retail customers in Europe, and is the continents largest mortgage lender...
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While the company boasts assets of over $730 billion, a few bad decisions can lead to a massive loss in profits. Due to a series of poor investment decisions, HVB the bank was forced to make new bad-debt provisions of $1.25 billion in the third quarter of 2002, which was more than double their operating profit for that time...
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