December 12, 2007

German state ready to help troubled SachsenLB, spokesman says (AFP)

Headquarters of Germany's Landesbank Sachsen (SachsenLB) in Leipzig, eastern Germany.  Germany's eastern state of Saxony is prepared to provide a financial guarantee for subprime hit regional bank SachsenLB, the regional finance ministry said Wednesday, as problems piled up at the troubled lender.(AFP/DDP/File/Sebastian Willnow)AFP – Germany’s eastern state of Saxony is prepared to provide a financial guarantee for subprime hit regional bank SachsenLB, the regional finance ministry said Wednesday, as problems piled up at the troubled lender.

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