December 13, 2007

German bank LBBW says future of subprime-hit peer is secure (AFP)

Headquarters of Germany's Landesbank Sachsen (SachsenLB) in Leipzig, eastern Germany. Agreement has been reached on covering risks facing subprime-hit German regional bank SachsenLB, a spokesman for regional peer LBBW told AFP as the two banks pursued takeover talks.(AFP/DDP/File/Sebastian Willnow)AFP – Agreement has been reached on covering risks facing subprime-hit German regional bank SachsenLB, a spokesman for regional peer LBBW told AFP Thursday as the two banks pursued takeover talks.

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