Germany's eastern state of Saxony is prepared to provide a financial guarantee for subprime hit regional bank SachsenLB, the regional finance ministry said Wednesday, as problems piled up at the troubled lender.
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German state ready to help troubled SachsenLB, spokesman saysPosted by UK Economy News
In UK financial news
12Dec 07 Germany's eastern state of Saxony is prepared to provide a financial guarantee for subprime hit regional bank SachsenLB, the regional finance ministry said Wednesday, as problems piled up at the troubled lender.
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