WestLB AG
German Government Looking to Inject Funds into Troubled Lender WestLB
Submitted by Rajesh Mehta on Wed, 11/25/2009 - 20:16
Troubled German lender WestLB AG and the Government's Soffin bank rescue fund have reached an agreement on the structure and timetable for the stabilization of the lender, and to shift up- to one third of its assets into a so-called "bad bank".
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