landesbank sparkassen in crisis should write off nord lb shares

The German Government’s Urgent Plea to Save Landesbanken Germany’s association of public sector-controlled Sparkassen savings banks is facing a crisis. The Landesbanken, state-owned regional banks of which the savings banks are part-owners, are in financial trouble. In a closed-door meeting two weeks ago, German Money Minister Peer Steinbrück, along with top officials, urged the heads …

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