German BayernLB Says It Ends Business Relationship With Goldman Sachs

Discussion in 'Wall St. News' started by ASusilovic, Apr 21, 2010.

  1. April 21 (Bloomberg) -- Bayerische Landesbank, Germany’s second-biggest state-owned lender, has ended its business relationship with Goldman Sachs Group Inc. after allegations of fraud by the U.S. Securities and Exchange Commission against the New York-based firm, a spokesman for the German lender said.

    Munich-based BayernLB spokesman Matthias Priwitzer confirmed a previous report in German newspaper Handelsblatt by telephone today. He declined to provide further details.
  2. Visitors


    Goldman Sachs and its top echelon should burn in hell and we all know that

    why do people pretend they don't know that
  3. The Landesbanken, all together, have a big balance sheet. If they all pull Goldie's lines, it might actually have an effect.
  4. They have lost enough money holding the bag for US CDO's...