Two members of the board at Germany's KfW Bank for Reconstruction have been suspended pending an investigation into losses incurred by the bankruptcy of the US investment bank Lehman Brothers.
A department head at the bank has also lost his job. The moves were announced after revelations that the bank lost more than half a billion euros from the Lehman bankruptcy. 350 million German banking sector nears second big deal ...
KDB ends Lehman investment talks ...
Kiefer out of Wimbledon ... of that amount come from an inadvertant transfer of funds to Lehman Brothers shortly before it went bankrupt - 50 million more than originally reported. Another 186 million euros were lost by KfW in other transactions with Lehman.
(Deutsche Welle)
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