WestLB Sucks Customer Reviews and Feedback

From Everything.Sucks

WestLB AG (derived from Westdeutsche Landesbank, i.e. "Western German state Bank") was a European commercial bank based in Düsseldorf, Germany which was mainly owned by the German state of North Rhine-Westphalia. Landesbanks are a group of partly or wholly state owned banks unique to Germany. They are regionally organised and their business is predominantly wholesale banking. As of 30 June 2012, WestLB was downsized and Portigon Financial Services AG became the legal successor of WestLB.

A former Associate Director shared "WestLB AG is no longer in business and Portigon is now winding down and will be out of business by the end of 2016. When I did work there it was a nice company to work for. Paid decent salaries and rarely had to stay late. The work life balance was optimal there"

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Registratorin (Current Employee) says

"Wie aus der Tagespresse bekannt, wird die WestLB/Portigon bis 2016 abgewickelt. Mein Arbeitsplatz entfällt bereits in den kommenden Monaten, sodass ich Ihnen am Standort Düsseldorf ab dem 1.02.2014 in Vollzeit zur Verfügung stehen kann."

Interest Rate Derivatives Trader (Current Employee) says

"I arrived at work at 6:30Am and review the market data coming out of Europe and Asia and my market exposure. Discuss our daily strategy with other members on the trading desk while observing the interest rate market and execute our trading strategy for the day. At 3pm, we close the trading book and begin of our end of day to determine or profit and loss for the day. After which, we run our closing market risk and reconcile with what was expected from our trading activity during the day and prepare for the next day.Free lunchNo breaks"

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