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Uncertainty over successor to HVB head (Familienkrach bei der HypoVereinsbank).
(From Die Welt)
An internal dispute has erupted at HypoVereinsbank (HVB), the German banking group, as Christine Licci, head of private customer business, has criticised the accounting department for having failed to show, adequately, the turnaround in results achieved by her department. Ms Licci complains that, in half-yearly figures, all comparisons with last year's figures are adjusted for the profit of 53m euros from the sale of subsidiary Bethmann-Maffei, with the exception of the operating result, which is said to be reported erroneously to have reached 46m ...
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