DW-WORLD: WestLB Gets a Break as the EU 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 Government plans to help UK banks ...
EU Agrees on New Rules to Quell Financial Crisis ... 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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