Failed bank tracker Europe 2007-
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DateDescription*ImagePlace*Location (latitude, longitude)Source*Source URL*Total assets of balance sheet of bank at time of failure (EUR + orig. currency)*Source (link for total asset of balance sheet)Corporate entityAcquirer (public or private)Type of restructuringHome country*Failed (Yes/No)AmountDid the bank receive state aid?
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1905-06-30Portugal36.091091, -18.727655GovernmentNationalisationPortugal
3
1905-06-30UK55.00839, -5.822485http://www.presbyterianmutualsociety.co.uk/AdministrationUK
4
1905-07-01Stockholm, Sweden59.33228, 18.06284Finansinspektionen (Swedish Financial Regulator)5 billion SEK. 0,58 billion EURhttp://www.alandsbanken.fi/info/opencms/Finland/sv/om_alandsbanken/senaste_nytt/borsmeddelanden/external_article.html?d=381149Kaupthing BankSwedish RiksbankAfter failure of Kaupthing Bank Iceland, Swedish Riksbank held on to Kaupthing Sweden until it was sold to Finnish Ålandsbanken, which paid back emergency loans to Swedish Riksbank.Iceland
5
1905-07-02Bologna,Italy44.504835, 11.345165http://www.bancaditalia.it/media/comsta/2010/CS_BER.pdfExtraordinary AdministrationItalyYes
6
1905-07-02Finland64.928595, 26.067386Finnish Financial Supervisory authorityClosureFinland
7
1905-07-02UK55.00839, -5.822485BBChttp://news.bbc.co.uk/1/hi/business/8583054.stmCoventry Building SocietyUK
8
1905-07-03Italy41.29254, 12.573465http://www.gazzettaufficiale.biz/atti/2011/20110151/11A08282.htmExtraordinary AdministrationItaly
9
1905-07-03Italy41.29254, 12.573465http://www.gazzettaufficiale.biz/atti/2011/20110147/11A08220.htmExtraordinary AdministrationItaly
10
1905-07-03Italy41.29254, 12.573465http://www.gazzettaufficiale.biz/atti/2011/20110148/11A08221.htmExtraordinary AdministrationItaly
11
1905-07-03Italy41.29254, 12.573465www.gazzettaufficiale.biz/atti/2011/20110146/11A08201.htmExtraordinary AdministrationItaly
12
1905-07-03Italy41.29254, 12.573465http://www.gazzettaufficiale.biz/atti/2011/20110010/11A00349.htmExtraordinary AdministrationItaly
13
1905-07-04Bologna,Italy44.504835, 11.345165http://www.ilsole24ore.com/art/finanza-e-mercati/2012-06-14/treviso-rimini-ecco-tutte-143708.shtml?uuid=AbcIZBsF"Controlled Administration"ItalyNo
14
1905-07-04Rimini,Italy44.05539, 12.569995"Controlled Administration"ItalyNo
15
1905-07-04Rome,Italy41.90311, 12.49576http://www.linkiesta.it/blogs/trenta-denari/commissariata-una-banca-coinvolta-nel-crac-immobiliare-di-marioExtraordinary AdministrationItalyNo
16
1905-07-04Teramo,Italy42.65726, 13.69741http://www.linkiesta.it/blogs/trenta-denari/commissariata-una-banca-coinvolta-nel-crac-immobiliare-di-mario"Controlled Administration"ItalyNo
17
1997-01-12Bulgaria 42.731596, 25.483115http://www.capital.bg/biznes/finansi/1997/10/25/241372_bnb_za_vtori_put_otne_licenza_na_pchb/Bulgaria
18
1997-03-24Bulgaria 42.731596, 25.483115http://www.capital.bg/biznes/finansi/1997/03/24/863188_nakratko/Bulgaria
19
1997-09-23Bulgaria 42.731596, 25.483115http://www.capital.bg/politika_i_ikonomika/1997/01/27/998486_bnb_prizna_bzk_i_elitbank_za_neplatejosposobni/Bulgaria
20
1997-10-01Bulgaria 42.731596, 25.483115http://www.capital.bg/politika_i_ikonomika/bulgaria/2000/02/25/254540_faliralite_banki_v_kapana_na_paragraf_22/Bulgaria
21
1997-10-24Bulgaria 42.731596, 25.483115http://www.capital.bg/biznes/finansi/1997/11/01/241493_banka_za_zemedelski_kredit_e_obiavena_vuv_falit/Bulgaria
22
2008-02-22http://upload.wikimedia.org/wikipedia/commons/b/b4/Northern_Rock_Queue.jpgUK55.00839, -5.822485Government of the United KingdomUK
23
2008-06-07UK55.00839, -5.822485BBChttp://news.bbc.co.uk/1/hi/business/7806023.stmChelsea Building SocietyUK
24
2008-07-14UK55.00839, -5.822485Grupo SantanderUK
25
2008-08-25The Danish Central Bank will take control of Roskilde Bank A/S to avert a financial ``contagion'' after mounting loan losses drove the lender into insolvency and a private purchaser couldn't be found. The central bank and a group of Danish financial companies will provide Roskilde 4.5 billion kroner ($890 million) in cash and assume 37.3 billion kroner of debt, Roskilde said in a statement yesterday. The bank was suspended in Copenhagen trading today, after falling 88 percent from a peak in April 2007. ``We wanted to secure financial stability in Denmark,'' central bank Governor Nils Bernstein said at a press conference in Copenhagen today. ``The alternative would have been that Roskilde went bankrupt and that would have resulted in a considerable contagion throughout the financial sector.'' Writedowns on real estate loans led to a pretax loss of at least 1 billion kroner in the first half, double an estimate the bank published on July 14, Roskilde said yesterday. Denmark entered a recession in the first quarter, the first European economy to do so since the global credit crisis began last year. The bailout is the first by the Danish central bank in 15 years. Shareholders in Roskilde have lost about 1 billion kroner, while holders of hybrid capital, which ranks between debt and equity for repayment in the event of bankruptcy, have lost about 2.5 billion kroner, Bernstein said.Roskilde, Denmark55.640465, 12.090923Bloomberghttp://www.bloomberg.com/apps/news?pid=newsarchive&sid=aDtOi5jjVxrINationalbanken, Danish National BankNationalisationDenmark
26
2008-09-08UK55.00839, -5.822485Nationwide Building SocietyUK
27
2008-09-08UK55.00839, -5.822485FSAhttp://www.fsa.gov.uk/library/communication/pr/2008/145.shtmlNationwide Building SocietyUK
28
2008-09-18UK55.00839, -5.822485Lloyds TSBUK
29
2008-09-28Amsterdam, Netherlands52.373095, 4.893305Telegraphhttp://www.telegraph.co.uk/finance/financialcrisis/3100606/Financial-crisis-Benelux-bank-Fortis-nationalised-to-stop-collapse.htmlFortisGovernment of the Netherlands (Dutch assets including ABN AMRO)NationalisationNetherlands
30
2008-09-28Stricken Beligian-Dutch bank Fortis was bailed out by the governments of Holland, Belgium and Luxembourg to the tune of €11.2bn (£8.9bn) after investors deserted the bank last week. Image 1 of 3 Fortis has been nationalised by the governments of Belgium and the Netherlands. The three countries will each take a 49pc stake in the bank in their respective countries. Fortis will also sell the assets of Dutch bank ABN Amro which it bought last year as part of a consortium with Royal Bank of Scotland. Politicians and central bankers, including European Central Bank president Jean-Claude Trichet, held emergency talks over the weekend to decide the future of Fortis after the shares dropped 35pc last week on concern the bank may not be able to meet its funding requirements. The bank's difficulties stem from last year's €24bn ABN purchase, which went through just before the credit crunch took hold and the value of financial assets collapsed. RBS would be unaffected by a sale of the ABN business in Holland, sources said.Brussels, Belgium50.848385, 4.349685Telegraphhttp://www.telegraph.co.uk/finance/financialcrisis/3100606/Financial-crisis-Benelux-bank-Fortis-nationalised-to-stop-collapse.htmlBNP Paribas (Belgian and Luxembourg assets)partly nationalisedBelgium
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2008-09-28UK55.00839, -5.822485FSAhttp://www.fsa.gov.uk/library/communication/statements/2008/bradford_bingley.shtmlGovernment of the United Kingdom (Mortgage Assets)UK
32
2008-09-30Dexia has become the latest European bank to be bailed out as the deepening credit crisis shakes the banks sector. After all-night talks the Belgian, French and Luxembourg governments said they would put in 6.4bn euros ($9bn; £5bn) to keep it afloat. Shares in the Belgian-French bank fell 30% on Monday before being suspended on Tuesday as the bail-out was announced. It is the second bank rescue in days by Belgium and its neighbours. On Sunday Fortis bank was partly nationalised. This latest move by European governments to shore up another bank under pressure came as global stock markets plunged after the US House of Representatives rejected the White House's planned $700bn bail-out package. 'Crisis situation' Dexia is the one of the world's largest lenders to local governments, but has run up significant losses in its US operations. In a statement the French government said the rescue was necessary to "guarantee continuity of funding for local authorities". The Belgian government and Belgian shareholders will invest 3bn euros, the French government will also invest 3bn euros via its state investment arm, while Luxembourg will put in just under 400m euros.Brussels, Belgium50.848385, 4.349685BBChttp://news.bbc.co.uk/2/hi/business/7643638.stmThe Belgian, French and Luxembourg governmentsbail-outBelgiumE3 Billion (belgium state)
E3 Billion (french state)
E376 Milion (lux state)
33
2008-10-07Reykavik, Iceland64.137383, -21.902479Icelandic Financial Supervisory AuthorityIcelandic Financial Supervisory AuthorityIceland
34
2008-10-08High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights. http://www.ft.com/cms/s/0/1cb5d40e-953b-11dd-aedd-000077b07658.html#ixzz2GvO2qsrj Part of Kaupthing’s UK operations were placed in administration on Wednesday as the last big Icelandic bank teetered on the verge of collapse, forcing clients such as financier Robert Tchenguiz to sell positions. Alistair Darling, the UK chancellor, placed Kaupthing Singer & Friedlander Ltd in administration as the bank attempted to sell assets and loans around the world to stay in business. In a statement, the Treasury said it was taking the action “to protect the retail depositors . . . [and] ensure the stability of the UK financial system”.London, UK51.506325, -0.127144Financial Timeshttp://www.ft.com/intl/cms/s/0/1cb5d40e-953b-11dd-aedd-000077b07658.html#axzz2GqUo6GzkKaupting BankIceland
35
2008-10-08Reykavik, Iceland64.137383, -21.902479Icelandic Financial Supervisory AuthorityIcelandic Financial Supervisory AuthorityIceland
36
2008-10-08UK55.00839, -5.822485LandsbankiING DirectGIceland
37
2008-10-08UK55.00839, -5.822485Kaupthing Singer & FriedlanderING DirectHIceland
38
2008-10-09Reykavik, Iceland64.137383, -21.902479Icelandic Financial Supervisory AuthorityIcelandic Financial Supervisory AuthorityIceland
39
2008-10-09UK55.00839, -5.822485LandsbankiHer Majesty's TreasuryIceland
40
2008-10-13London, UK51.506325, -0.127144Government of the United KingdomPartly nationalisedUK
41
2008-10-13UK55.00839, -5.822485Government of the United KingdomPartly nationalisedUK
42
2008-10-13UK55.00839, -5.822485Government of the United KingdomPartly nationalisedUK
43
2008-10-22UK55.00839, -5.822485BBChttp://news.bbc.co.uk/1/hi/business/7806023.stmYorkshire Building SocietyUK
44
2008-11-02Nov 2 (Reuters) - The Austrian state will take over 100 percent of public sector financier Kommunalkredit. Austrian broadcaster ORF reported on Sunday. The state will take over the 51 percent owned by Austria's Volksbank and the 49 percent owned by Franco-Belgian financial services firm Dexia (DEXI.BR), ORF reported without citing its source. Kommunalkredit was not immediately available for comment. A finance ministry spokesman told Reuters last week that it was considering taking an equity stake in Kommunalkredit, a key financier of Austrian states and municipalities that has 20 billion euros ($25.55 billion) in bonds outstanding. Talks were proceeding about how big such a stake could be and what form of equity would be injected in the bank, which faces a liquidity squeeze because it relies on wholesale funding to refinance its loan book, the spokesman said last week. Kommunalkredit said last weekend it had started talks with the finance ministry about measures under the country's recently enacted banking stability package. The unlisted bank has a balance sheet total of 34.5 billion euros, making it Austria's eighth-biggest lender.Vienna, Austria48.202548, 16.368805Reutershttp://uk.reuters.com/article/2008/11/02/financial-austria-kommunalkredit-idUKL24688782008110237456.6 mhttp://www.kafinanz.at/uploads/KA_GB_2008_468_EN.pdfFIMBAG (National holding company)NationalisedAustria
45
2008-11-04UK55.00839, -5.822485BBChttp://news.bbc.co.uk/1/hi/business/7706876.stmSkipton Building SocietyUK
46
2008-11-08Latvia56.880104, 24.605246Hipotēku banka (owned by Latvian government)Nationalisation
47
2008-11-08The Latvian government is set to increase its stake in Parex Banka, the country’s second largest bank, to 84 per cent in order to reassure depositors, creditors and the International Monetary Fund. The agreement, reached late on Tuesday, nationalises the last big independent Baltic bank, taking the state’s stake up from 51 per cent, and marks the collapse of the empire of Valery Kargin and Viktor Krasovitsky, once Latvia’s richest men. Mr Kargin and Mr Krasovitsky, Russian Jews with good Communist party connections, won the first private licence in the Soviet Union to trade in hard currency in 1990. After Latvia achieved independence in 1991 they built a lucrative business servicing Russian capital flight. Parex survived three Latvian banking crises during the 1990s but it was powerless to withstand the impact of the credit crisis and the Baltic recession. Depositors lost confidence last month because it lacked a strong foreign parent, unlike Swedish-owned rivals. Servicing Russian capital flight proved a fatal weakness when non-resident clients – representing half its deposits – withdrew funds. Last month the founders handed a 51 per cent stake to the government but this was not enough to end the bank’s agonies.Riga, Latvia56.946, 24.114905Financial Timeshttp://www.ft.com/intl/cms/s/0/d107ae4c-c190-11dd-831e-000077b07658.html#axzz2GqUo6GzkHipotēku banka (owned by Latvian government)NationalisationLatvia
48
2008-11-28Fjerritslev, Denmark57.08823, 9.26673Finansiel Stabilitet (Danish national asset management agency)Finansiel Stabilitet (Danish national asset management agency)NationalisationDenmark
49
2008-12-01UK55.00839, -5.822485FSAhttp://www.fsa.gov.uk/library/communication/statements/2008/lsb.shtmlAdministrationUK
50
2009-01-01Dublin, Ireland53.34807, -6.248274Central Bank of IrelandNationalisationIreland
51
2009-01-03Loekken, Denmark57.370331, 9.71588Finansiel Stabilitet (Danish national asset management agency)Finansiel Stabilitet (Danish national asset management agency)NationalisationDenmark
52
2009-02-12Dublin, Ireland53.34807, -6.248274Central Bank of IrelandNationalisationIreland
53
2009-02-23Small Danish bank Fionia said on Monday it ceded control to the Danish state in return for a 1 billion Danish crown ($169 million) capital injection that keeps it solvent. Fionia is the ninth-largest Danish bank by market value. It has 84,000 private customers and 7,500 business customers. The bank's shareholders retain ownership of the bank and can reclaim control once the bank rights itself and pays back the state, Fionia said. Trading in Fionia shares was suspended on the Copenhagen exchange.Odense, Denmark55.39617, 10.390795Reutershttp://www.reuters.com/article/2009/02/23/fionia-idUSDKT00239620090223Finansiel Stabilitet (Danish national asset management agency)NationalisationDenmark
54
2009-03-01Reykavik, Iceland64.137383, -21.902479Icelandic Financial Supervisory AuthorityIcelandic Financial Supervisory AuthorityIceland
55
2009-03-01Reykavik, Iceland64.137383, -21.902479Icelandic Financial Supervisory AuthorityIcelandic Financial Supervisory AuthorityIceland
56
2009-03-01Reykavik, Iceland64.137383, -21.902479Icelandic Financial Supervisory AuthorityIcelandic Financial Supervisory AuthorityIceland
57
2009-03-09Straumur, the last remaining independent Icelandic bank, has fallen. The following appeared on the bank’s website earlier this morning: In spite of its strong capital position and the support of funding banks Straumur Burdaras Investment bank hf. (Straumur) believes that its liquidity position is no longer strong enough to sustain its activities. The Icelandic Financial Supervisory Authority (IFSA) has therefore decided to assume the powers of a meeting of the shareholders of Straumur and immediately suspend the Board in its entirety. Further, the IFSA hereby appoints a Resolution Committee, which will take over all authority of the Board of Directors. To which was forlornly added, As a result of this Straumur is closed. It’s not immediately clear in London what the situation of Teathers, Straumur’s UK-registered mid-market broker, was. In a statement this morning, the LSE confirmed that it was reviewing the firm’s Nomad status, while separately, employees said it had also had gone into administration.Copenhagen, Denmark55.67631, 12.569355Financial Timeshttp://ftalphaville.ft.com/2009/03/09/53334/straumur-tized/Finansiel Stabilitet (Danish national asset management agency)NationalisationIceland
58
2009-03-09UK55.00839, -5.822485FSAhttp://www.fsa.gov.uk/consumerinformation/firmnews/2009/dunfermline_b_society.shtmlBank of England (social housing loans); transfered to Nationwide Building SocietyUK
59
2009-03-29The Spanish government has launched a €9bn (£8.4bn) bailout to rescue the first financial institution that is on the brink of collapse since the beginning of the credit crunch. Savings bank Caja Castilla La Mancha (CCM) had "liquidity problems" that forced the intervention from the Bank of Spain, Finance Minister Pedro Solbes said. The action was an "isolated incident" among the country's financial sector, he said. The country's Treasury will provide guarantees whilst CCM continues to function normally, he said. The central bank's move is Spain's first intervention in a financial institution since 1993.Cuenca, Spain40.072025, -2.136304The Guardianhttp://www.guardian.co.uk/business/2009/mar/29/spanish-central-bank-rescues-caja-castilla-la-manchaBanco de EspañaSpain
60
2009-04-01Reykavik, Iceland64.137383, -21.902479Icelandic Financial Supervisory AuthorityIcelandic Financial Supervisory AuthorityIceland
61
2009-04-01Reykavik, Iceland64.137383, -21.902479Icelandic Financial Supervisory AuthorityIcelandic Financial Supervisory AuthorityIceland
62
2009-04-01Reykavik, Iceland64.137383, -21.902479Icelandic Financial Supervisory AuthorityIcelandic Financial Supervisory AuthorityIceland
63
2009-04-16Copenhagen, Denmark55.67631, 12.569355Finansiel Stabilitet (Danish national asset management agency)Finansiel Stabilitet (Danish national asset management agency)NationalisationDenmark
64
2009-05-27Rome,Italy41.90311, 12.49576http://www.ilsole24ore.com/art/finanza-e-mercati/2012-06-14/treviso-rimini-ecco-tutte-143708.shtml?uuid=AbcIZBsF"Controlled Administration"ItalyNo
65
2009-06-02Hypo Real Estate Holding AG shareholders backed a government capital increase that paves the way for Germany’s first bank nationalization since the 1930s. Germany’s bank rescue fund, Soffin, which already owned more than 47 percent of Munich-based Hypo Real Estate, will inject 2.96 billion euros ($4.2 billion) to take full control, the company said in an e-mailed statement. Investors approved the plan at an extraordinary meeting yesterday. Hypo Real Estate almost collapsed in September after its Dublin-based Depfa Bank Plc unit couldn’t raise short-term funds amid the credit crisis. The company needed 102 billion euros of credit lines and debt guarantees from the government and the country’s financial institutions, and will require more aid even after the capital infusion approved yesterday. While the capital increase “is a vital part of the whole recapitalization of the company, it’s not sufficient,” Chief Executive Officer Axel Wieandt told shareholders at the meeting in Munich yesterday. He didn’t estimate the amount required. The plan to nationalize Hypo Real Estate has been opposed by investors including New York-based buyout firm J.C. Flowers & Co., which bought a stake in the company last year for 22.50 euros a share. The stock rose 2.1 percent to 1.49 euros in Frankfurt electronic trading today.Munich, Germany48.136415, 11.577531Bloomberghttp://www.bloomberg.com/apps/news?pid=newsarchive&sid=aw5ATOaeIdCEhttp://www.hyporealestate.com/eng/pdf/02062009_PI-HV_2009_Englisch_Endfassung.pdfBail-out plan collapsesGermany
66
2009-09-28Italy's Banco Popolare became the first Italian bank to subscribe to the government's $15.3 billion bailout program on Monday. Other banks are likely to follow suit, highlighting how the problems within the global banking sector have spread rapidly even to those that had steered clear of U.S. subprime investments. Banco Popolare, based in Verona, said it would be selling 1.5 billion euros ($1.9 billion) of convertible bonds to the government, paying an annual yield of between 7.5% to 8.5% for the first few years. It’s the first Italian bank to do so, but unlikely to be the last.Verona, Italy45.438113, 10.991505Forbeshttp://www.forbes.com/2009/03/10/banco-popolare-bailout-markets-equity-italy.htmlItaly
67
2009-12-02UK55.00839, -5.822485BBChttp://news.bbc.co.uk/1/hi/business/8390203.stmYorkshire Building SocietyUK
68
2009-12-14Austria nationalised Hypo Group Alpe Adria to avert a bank collapse that could have undermined trust in banks in eastern Europe and cast doubt over Austria's and Germany's backing of state-owned lenders. Austria is taking over 100 percent of Hypo from BayernLB, insurer Grawe and the Austrian state of Carinthia, after shareholders agreed to inject around 1 billion euros ($1.5 billion) in capital, Finance Minister Josef Proell said. Proell said European Central Bank President Jean-Claude Trichet had been involved in the talks. The owners will give away their stakes in Hypo to Austria and provide an additional round of capital. BayernLB, which is owned by Bavaria, will give an additional 825 million euros in capital, and leave 3 billion euros of liquidity in the bank. It was the second nationalisation of an Austrian bank during the global financial crisis after Austria bailed out troubled municipality lender Kommunalkredit last year.Klagenfurt, Austria46.62056, 14.31069Reutershttp://updated.internalinsider.info/index.php/business/46490-austria-nationalises-hypo-to-avoid-banks-collapse41078.7 mhttp://www.hypo-alpe-adria-bank-annualreports.com/2009_annual_report/group-annual-report-2009-download.835.htmOwners: BayernLB, Kärntner Landesholding and Grazer Wechselseitige VersicherungFIMBAG (National holding company)Nationalised (100 per cent)Austria1BN EUR injected
69
2010-02-11Copenhagen, Denmark55.67631, 12.569355Finansiel Stabilitet (Danish national asset management agency)Finansiel Stabilitet (Danish national asset management agency)NationalisationDenmark
70
2010-02-24UK55.00839, -5.822485Skipton Building SocietyUK
71
2010-03-26Italy41.29254, 12.573465http://www.gazzettaufficiale.biz/atti/2011/20110230/11A12807.htmExtraordinary AdministrationItalyNo
72
2010-04-15Portugal36.091091, -18.727655http://europa.eu/rapid/press-release_IP-10-972_en.htm?locale=enliquidationPortugal€450M
73
2010-05-24Cajasur was taken over by Spanish authorities on Saturday after talks to merge it with a profitable bank ended. Cajasur ran into trouble due to its exposure to the Spanish housing market. Like many of the 45 savings banks operating in Spain, Cajasur invested heavily in the property sector, causing a boom in construction before its collapse following the financial crisis. But the market's collapse has now left lenders with debts worth 445bn euros, according to Goldman Sachs. The Bank of Spain has taken over the running of Cajasur, giving it access to 550m euros (£474m; $686m) of emergency funding.Córdoba, Spain37.87794, -4.778403BBChttp://www.bbc.co.uk/news/10145716Banco de EspañaSpain
74
2010-07-05Greece38.283306, 24.537435http://www.capital.gr/Articles.asp?id=964001TT Hellenic PostbankAcquired by TT Hellenic PostbankGreece
75
2010-09-30Copenhagen, Denmark55.67631, 12.569355Finansiel Stabilitet (Danish national asset management agency)Finansiel Stabilitet (Danish national asset management agency)NationalisationFaroe Islands
76
2010-09-30Thorshavn, Faroe Islands61.897837, -6.969925Finansiel Stabilitet (Danish national asset management agency)Finansiel Stabilitet (Danish national asset management agency)NationalisationFaroe Islands
77
2010-12-15Dublin, Ireland53.34807, -6.248274Telegraphhttp://www.telegraph.co.uk/finance/financialcrisis/8204455/Irish-government-takes-control-of-countrys-largest-building-society-EBS.htmlCentral Bank of IrelandNationalisationIreland
78
2010-12-16EBS Building Society on Wednesday came under the control of the Irish authorities after the Dublin government handed the lender a second capital injection to help it reach a new target for its capital ratios. The latest funding package for EBS, which comes in the form of special investment shares that will convert into ordinary shares if the building society is demutualised, will take the lender's Tier 1 capital ratio to nearly 14pc. Ireland's Central Bank has imposed a minimum 12pc Tier 1 ratio on the country's financial institutions and last month said EBS needed to raise a further €438m to meet the new standard.Dublin, Ireland53.34807, -6.248274Telegraphhttp://www.telegraph.co.uk/finance/newsbysector/banksandfinance/8165146/Irish-fury-as-EU-nationalises-Bank-of-Ireland.html154880 mCentral Bank of IrelandNationalisationIreland
79
2011-01-06UK55.00839, -5.822485http://www.fscs.org.uk/what-we-cover/questions-and-answers/qas-about-havant-area-save-h326eanw/UK
80
2011-01-26UK55.00839, -5.822485http://www.fscs.org.uk/news/2011/january/fscs-steps-in-to-protect-member-0dwbdqn3/index.htmlUK
81
2011-02-06Denmark Seizes Amagerbanken. Danish banking stocks fell Monday after Amagerbanken A/S announced it no longer meets solvency requirements and will therefore be taken over and unwound by Danish state administrators, likely forcing Danish banks to pony up cash for the country's deposit-guarantee scheme. Amagerbanken, the 11th small Danish bank to fall into state hands since the financial crisis hit in 2008, said late Sunday that fourth-quarter write-downs had wiped out its equity, compelling assets and some liabilities to be transferred to and closed down by Finansiel Stabilitet A/S, the state company set up to manage failed banks. As a result of the collapse, Danish banks will have to contribute a proportion of their market share in funds to Denmark's deposit guarantee scheme for secured deposits, they said... Finansiel Stabilitet said it will pay a preliminary sum of 15.2 billion kroner for the assets, covering about 59% of unsecured senior liabilities. A newly created subsidiary called Amagerbanken Of 2011 has received enough liquidity to fulfill capital requirements and keep operations going for the customers, it said.Copenhagen, Denmark55.67631, 12.569355WSJhttp://online.wsj.com/article/SB10001424052748704422204576129910427759674.htmlFinansiel Stabilitet (Danish national asset management agency)NationalisationDenmark
82
2011-03-01Reykavik, Iceland64.137383, -21.902479Icelandic Financial Supervisory AuthorityIcelandic Financial Supervisory AuthorityIceland
83
2011-03-30UK55.00839, -5.822485http://www.fscs.org.uk/news/2011/april/members-of-ilfracombe-and-distr-114mt1qm/index.htmlUK
84
2011-05-05Cosenza,Italy39.293213, 16.256949www.gazzettaufficiale.biz/atti/2011/20110147/11A08219.htmExtraordinary AdministrationItalyNo
85
2011-05-06UK55.00839, -5.822485http://www.fscs.org.uk/news/2011/may/update-for-members-of-southend-00xkkuqv/index.htmlUK
86
2011-06-24Another Danish bank — Fjordbank Mors — has been taken over by Denmark’s Finansiel Stabilitet as part of of the so-called ‘Bank Package III’ bail-in rules passed last year. The bank wind-up rules mean investors in failed banks’ senior debt, and even depositors, will be exposed to losses. The first to fail under Denmark’s new resolution rules was, of course, Amagerbanken, early this year. In that sense the failure of Fjordbank is more of the same. According to independent research firm CreditSights, Finansiel Stabilitet has given Fjordbank’s assets a preliminary valuation of DKK 7.8bn (€1bn) — which would cover about 74 per cent of senior liabilities. In other words, investors in the bank’s senior debt and the 450 or so deposit holders of Denmark’s €100,000 limit are looking at a haircut of about 26 per cent — somewhat lower than Amagerbanken’s 41 per cent.Nykøbing Mors, Denmark56.794521, 8.86307Financial Timeshttp://ftalphaville.ft.com/2011/06/27/606556/another-danish-bank-falls-into-a-fjord-of-failure/Finansiel Stabilitet (Danish national asset management agency)NationalisationDenmark
87
2011-07-07INBS merges with Anglo Irish The assets and liabilities of Irish Nationwide Building Society have been transferred to Anglo Irish Bank with immediate effect. The move follows an order made by the High Court today under the Credit Institutions (Stabilisation) Act 2010.Grand Parade, Dublin 6, Dublin, Ireland53.330475, -6.259449Irish Timeshttp://www.irishtimes.com/newspaper/breaking/2011/0701/breaking20.htmlCentral Bank of IrelandNationalisationIreland
88
2011-07-08UK55.00839, -5.822485http://www.fscs.org.uk/news/2011/july/speedy-fscs-payout-to-members-o-1ggmsask/index.htmlUK
89
2011-07-29Greece, Cyprus, Luxembourg, Romania, Bulgaria, Poland, Serbia and Turkey 38.283306, 24.537435http://www.alpha.gr/files/investorrelations/EA20110829EN.pdf Spiro Latsis group of companiesmerger with Alpha BankGreece€4.2-billionYes
90
2011-09-06UK55.00839, -5.822485http://www.fscs.org.uk/news/2011/september/members-of-gallowhill-credit-un-9xp459t0/index.htmlUK
91
2011-09-22Italy41.29254, 12.573465http://www.bancasturzo.bcc.it/news/dettaglio_news.asp?hNewsID=74099&i_menuID=-118Extraordinary AdministrationItalyNo
92
2011-10-08Max Bank A/S became Denmark’s first insolvent lender to test a bank package designed to sidestep the country’s bail-in laws after the state was able to find a buyer and avert senior creditor losses. Sparekassen Sjaelland A/S will take over the healthy parts of Max Bank after it was declared insolvent by the Financial Supervisory Authority, the government said late yesterday. The state will assume the bank’s bad loans. Under the consolidation bill, the transaction will be subsidized by Denmark’s guarantee fund. Senior creditors will be spared, while shareholders will lose their investments.Næstved, Denmark55.231544, 11.754249Bloomberghttp://www.bloomberg.com/news/2011-10-08/denmark-s-max-bank-will-fail-under-bail-in-law-government-says.htmlFinansiel Stabilitet (Danish national asset management agency)NationalisationDenmark
93
2011-10-10Belgium to take control of Dexia Bank's local arm BRUSSELS - Belgium will take total control of the local arm of the troubled Franco-Belgian bank Dexia in a 4.0 billion euro (S$6.9 billion) deal, Prime Minister Yves Leterme said Monday after a cabinet meeting in Brussels. France, Belgium and Luxembourg said earlier Sunday they had reached a deal to dismantle Dexia, the first victim of the eurozone debt crisis, in a proposal that will be submitted to the Dexia board. Leterme told a news conference that the takeover of Dexia Bank Belgium would "make secure" the retail bank and free it from "any risks resulting from the environment within parent body Dexia SA".Brussels, Belgium50.848385, 4.349685AFPhttp://www.france24.com/en/20111010-brussels-take-full-100-percent-control-dexia-belgian-arm-leterme-bankThe Belgian, French and Luxembourg governmentsnationalisedBelgium
94
2011-10-20Italy41.29254, 12.573465http://www.gazzettaufficiale.biz/atti/2012/20120008/12A00054.htmExtraordinary AdministrationItalyNo
95
2011-11-21Spain35.712709, -6.916455http://www.bde.es/f/webbde/GAP/Secciones/SalaPrensa/InformacionInteres/ReestructuracionSectorFinanciero/Ficheros/en/frob25062012e.pdfFROBSpain
96
2011-11-23Lithuania's central bank said it would file a request on Friday for Snoras, the country's fifth largest bank, to be declared bankrupt because it was insolvent and had a bigger hole in reported assets than previously thought. Russian businessman Vladimir Antonov, who owned a majority stake in Snoras, and his Lithuanian partner Raimondas Baranauskas were detained on Thursday in London on a European arrest warrant. Prosecutors said they were suspected of large-scale embezzlement and fraud. Snoras owned 68 percent of Latvijas Krajbanka, which Latvia took over on Monday. "I don't think there should be any problems in relations between Lithuania and Latvia because of one guy's, Mr. Antonov's, fraud in Lithuania and Latvia," Lithuania's Prime Minister Andrius Kubilius said. However, Latvian Prime Minister Valdis Dombrovskis canceled a planned visit to Lithuania on Friday, and held emergency talks on Krajbanka. He said that in a phone conversation with Kubilius he had "expressed regret that Lithuania did not manage to stabilise Snoras. Clients in both countries will suffer." Latvia's banking watchdog said it was pushing for Krajbanka, the country's oldest bank, to be declared bankrupt. There were some 100 million lats in assets missing from Krajbanka, according to the country's Financial and Capital Market Commission (FKTK). The FKTK said on Friday it would launch payouts from the deposit insurance fund to Latvijas Krajbanka's depositors, through the state-owned Citadele Bank, starting on Tuesday.Lithuania55.173956, 23.89439Reutershttp://uk.reuters.com/article/2011/11/25/lithuania-snoras-latvia-idUKL5E7MP06620111125 Konversbank NationalisationLithuania
97
2012-01-05UK55.00839, -5.822485http://www.fscs.org.uk/news/2012/january/speedy-fscs-payout-to-members-o-nfxsquvv/index.htmlUK
98
2012-01-16UK55.00839, -5.822485http://www.fscs.org.uk/news/2012/january/speedy-fscs-payout-to-members-o-uwunw3wh/index.htmlUK
99
2012-04-26High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights. http://www.ft.com/cms/s/0/73184874-8fbd-11e1-98b1-00144feab49a.html#ixzz2GvSSFzUr Dublin plans to transform lender Permanent TSB into a “third national bank” to meet competition concerns in the rapidly shrinking Irish banking market. Under a strategy agreed with Ireland’s international bailout partners, the state-owned lender will be split into a “good” and “bad” bank to deal with €12.5bn of bad loans and lossmaking tracker mortgages that threaten it with closure.Ireland53.430361, -8.326615Financial Timeshttp://www.ft.com/intl/cms/s/0/73184874-8fbd-11e1-98b1-00144feab49a.html#axzz2GqUo6GzkCentral Bank of IrelandNationalisationIreland
100
2012-05-01Middlesbrough, UK54.573055, -1.237634http://www.fscs.org.uk/news/2012/may/pallister-credit-union-ltd-update/UK
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