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Iron price up 65% for Asian firms ... Approves State-Backed Rescue Faced with enormous losses, German bank WestLB got a bit of help Wednesday, April 30, when the European Union approved a state-backed rescue package.
(30.04.2008) DW-WORLD: Financial Market Crisis Catches Up With Deutsche Bank Asset write-downs and the global slump in financial markets have been blamed for Deutsche Bank's first quarterly net loss in five years. Germany's largest bank reported a net loss of 131 million euros. (29.04.2008) DW-WORLD: Banks Want to Go It Alone Down Reform Path Banking leaders have called for greater transparency and a new code of conduct, saying they can solve their own problems without state intervention. Meanwhile, Germany's first bank casualty was announced. (10.04.2008)
(Deutsche Welle)
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