Abbaubank

English translation: restructuring unit (when splitting up/reorganising an existing bank)

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
German term or phrase:Abbaubank
English translation:restructuring unit (when splitting up/reorganising an existing bank)
Entered by: Stephen Old

07:03 Feb 5, 2010
German to English translations [PRO]
Bus/Financial - Finance (general) / Banking group split up
German term or phrase: Abbaubank
As part of the restructuring of the banking group, non-strategic parts of the business, CDS, securities portfolios etc will be hived off/put into an "Abbaubank"
Stephen Old
United Kingdom
Local time: 03:58
restructuring unit
Explanation:
Bei der HSH Nordbank wird dies so genannt, kann man googlen, weil keiner hier von einer "bad bank" sprechen möchte, so scheint es zu sein ...
http://www.handelsblatt.com/unternehmen/banken-versicherunge...
Selected response from:

seehand
Germany
Local time: 04:58
Grading comment
Thanks for the link and the explanation. I understood immediately when you compared it to a "bad bank".
4 KudoZ points were awarded for this answer



Summary of answers provided
2 +1restructuring unit
seehand
3winding-down bank
suew


  

Answers


52 mins   confidence: Answerer confidence 2/5Answerer confidence 2/5 peer agreement (net): +1
restructuring unit


Explanation:
Bei der HSH Nordbank wird dies so genannt, kann man googlen, weil keiner hier von einer "bad bank" sprechen möchte, so scheint es zu sein ...
http://www.handelsblatt.com/unternehmen/banken-versicherunge...

seehand
Germany
Local time: 04:58
Native speaker of: Native in GermanGerman
PRO pts in category: 4
Grading comment
Thanks for the link and the explanation. I understood immediately when you compared it to a "bad bank".
Notes to answerer
Asker: Danke sehr, in Eile, Stephen


Peer comments on this answer (and responses from the answerer)
agree  Jon Fedler
12 mins
  -> Danke, Jonathan
Login to enter a peer comment (or grade)

2 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
winding-down bank


Explanation:
The German term describes directly what the intention is (no euphemisms here!), so the English could reflect this.

suew
United Kingdom
Local time: 03:58
Works in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 6
Notes to answerer
Asker: Thanks sue, I will put up another question in a minute which you may be able to help with if you specialise in this field. I do not specialise in this area but have been landed with it any way!

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