December 13, 2007

Second rescue saves subprime casualty SachsenLB (Reuters)

The headquarters of SachsenLB is pictured in the eastern German city of Leipzig August 28, 2007. (Tobias Schwarz/Reuters)Reuters – The German state and public banks
clubbed together for the second time in five months to save
subprime-stricken SachsenLB from collapse, heading off a blow
to confidence in the country’s financial system.

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