To stop it falling into insolvency, the WestLB, based in Dusseldorf, will be the first German bank to use federal government aid.
A “Landesbank” is a German bank controlled by the regional state governments. The WestLB Bank is owned by the state government of North Rhine Westphalia and that state’s non-profit public savings banks.
It had at one time visions to become an international [...] Continue Reading…
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