Germany´s WESTLB with honest subprime exposure numbers

Discussion in 'Wall St. News' started by ASusilovic, Aug 12, 2007.

  1. According to Germany´s business paper "Handelsblatt" subprime exposure of WEST LB inclusive all subsidies amounts to 1,25 Billion EUR. Papers are rated with "A" or "AA".

    According to a spokesperson the situation of WEST LB is in no way comparable to IKB, the German bank troubling from subprime exposure.

    WestLB AG is a European commercial bank with firm roots in North Rhine-Westphalia, Germany´s largest federal state. With total assets of € 292.1 billion as at September 30, 2006, it is one of Germany´s leading financial services providers. It is the central institution for the savings banks in some areas.
  2. As Deutsche Bank's Hilmar Kopper would say.... "peanuts" :D
  3. LOL !!! :D :D :D