Two more German public banks, Bayern LB and NRW Bank, have disclosed they were exposed by the collapse this week of US investment bank Lehman Brothers.
The admissions came a day after two members of Germany's KfW Bank for Reconstruction were suspended pending US finance giant faces collapse ...
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Spain defeats Italy in penaly shoot-out ... an investigation to losses incured by the bank which totalled 536 million euros. Munich-based Bayern LB, which is controlled by Bavaria state, put its risk at up to 300 million euros. NRW Bank, controlled by the state of North Rhine Westphalia, said it had lent money to Lehman Brothers, but declined to say how much.
(Deutsche Welle)
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