German bank HSH Nordbank plans to lay off staff of 600 in the next two years as the company seeks to reduce costs further in the challenging market conditions. In a statement on Tuesday to announce the group's H1 2008 results, HSH said it will shed about 400 jobs in Germany and another 200 jobs abroad by the end of 2010 in an attempt to cut costs to EUR 900 mln in 2010, from EUR 984 mln in 2007.
Private asset management company Kryalos has completed the acquisition of a light industrial property in Rome, through its Mars fund.
