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03

A Heap of Trouble for HVB

   
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Title: A Heap of Trouble for HVB
 
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Subject: Business
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Date: January 18, 1996
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Length: 3 / 671
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Much of that debt still hasn't been paid off. On top of that, HVB also gave large loans to many now defunct German companies. A string of bankruptcy's filed by large companies with large sums of money owed to HVB left them largely empty-handed and severely crippled...
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Even HVB admitted, "We all miscalculated a bit." Rampl's Plan To Rampl's credit, he and the rest of HVB's executives have radical plans in store for the rebuilding of HVB. First of all, Rumple plans to shrink HVB's work-force from 66.000 to 9,100 in just one year...
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