German Hedge Fund Manager Becomes Fully Operational Bank

Baader Wertpapierhandelsbank AG has been granted membership to the Compensation Fund of German Banks(EdB) by the German Financial Supervisory Authority(BaFin). Once the entry into the commercial register has been completed, the institution will be known under its corporate name, Baader Bank AG. “Receiving the full banking licence is a significant sign of the faith that is placed in the capability of our bank’, commented Uto Baader, Chairman of the Baader Board of Directors. …
Original Source: hedge-fund-news.blogspot.com

  31 de July , 2008| hedgefunds | @ 3:11

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