Smokescreen at German State-Owned Bank BayernLB Concealing True Extent of Subprime Losses

German state-owned bank BayernLB is concealing the true extent of its losses incurred as a result of the subprime crisis in the United States. Now the Bavarian savings banks are threatening to give up their 50-percent stake in the bank.

und Wolfgang Reuter Von Conny Neumann