Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2018
Privatization and distressed-asset sale disputes
Bondholders and insurers challenged aspects of the bank sale and the related disposal of non-performing assets, alleging that accounting treatment and transaction structure harmed investors. A group of bondholders settled with HCOB in December 2019.
2013
Cum-ex dividend-trading involvement
HSH Nordbank disclosed provisions associated with illegal cum-ex securities transactions. The bank was later identified in broader German investigations into transactions that generated multiple tax-credit claims from a single dividend payment.
2010
New York branch computer allegations
Senior bank officials were accused of arranging for child pornography to be placed on the computer of a former New York branch head as a pretext for dismissal. After an external investigation, the bank reportedly settled the dispute and issued an apology.
2009
Omega 55 transaction investigation
A structured transaction between HSH Nordbank and BNP Paribas became controversial because of its exposure to financial institutions and alleged balance-sheet effects. Former directors faced charges related to breach of trust and accounting fraud; after procedural developments, five former directors resolved the matter through monetary payments in 2019.