DW-WORLD: EU Approves State Bailout of Germany's SachsenLB Bank The European Commission on Wednesday, June 3, approved a state bailout worth billions of euros for struggling German bank SachsenLB, which was hit by the US suprime mortgage market crisis. (04.06.2008) DW-WORLD: Report Slams French Bank's Management on Biggest-Ever Fraud An internal report on the biggest fraud in financial history Deutsche Bahn looks set to move aheda with partial privatisation ...
Father of German-Iraqi Hostage Appeals to Kidnappers ...
Financial Crisis Snags Europe's Biggest Banks ... says that a rogue trader at French bank Societe Generale was able to bypass internal security mechanisms because of management negligence.
(24.05.2008) DW-WORLD: Rumored Takeovers Would Consolidate German Bank Sector Insurer Allianz and Commerzbank are reportedly forging plans to take over Germany's hotly sought-after Postbank. The merger would rival sector leader Deutsche Bank, which itself also kept the rumor mill going on Friday. (23.05.2008)
(Deutsche Welle)
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