What is the meaning of commercial bank?
The term commercial bank refers to a financial institution that accepts deposits, offers checking account services, makes various loans, and offers basic financial products like certificates of deposit (CDs) and savings accounts to individuals and small businesses.
Who owns Hamburg Commercial Bank?
Ownership
| Owner |
Share |
| Cerberus Capital Management L.P. |
42.50% |
| J.C. Flowers LLC |
35% |
| Goldentree Asset Management L.P. |
12.50% |
| Centaurus Capital L.P. |
7.5% |
Who owns HSH Nordbank?
Germany-based HSH Nordbank AG has now been privatized following the completion of its €1 billion full takeover by a consortium of international investors including U.S. private equity firms Cerberus Capital Management LP, J.C. Flowers & Co.