HypoVereinsbank buy to give €500m of synergies a year

In a move to position HypoVereinsbank as the market leader in central and eastern European banking, the German bank aims to create synergies of €500m a year through its €7.8bn acquisition of Bank Austria.

Of the €500m, €320m should come from reducing regional overlap, and savings in the corporate centre. A further €175m of savings will come from bringing together the banks' domestic businesses.

WSJ Logo
Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump