German prosecutors have launched several investigations into suspected insider trading at troubled lender Hypo Real Estate Holding AG. The AP reports that investigators are looking at the sale of large numbers of shares in the company before it first warned of troubles during the global financial crisis.
Der Spiegel reports that several ex-managers as well as their family and friends were under investigation. The company’s troubles mounted in September as credit froze on international markets after its Dublin-based unit Depfa Bank PLC failed to attract short-term funding.
