January 21, 2008

German regional bank WestLB says it will post billion-euro loss (AFP)

The WestLB headquarters in Duesseldorf, western Germany. WestLB has said it will post a net loss of around one billon euros (1.45 billion dollars) owing to fraudulent stock trades and the US subprime market meltdown.(AFP/DDP/File/Michael Gottschalk)AFP – WestLB, the troubled German regional bank, said Monday it would post a net loss of around one billon euros (1.45 billion dollars) owing to fraudulent stock trades and the US subprime market meltdown.

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