Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Display:
'Money That Belongs to Us All': Heads Roll in German Lending Bank Scandal - SPIEGEL ONLINE - News - International
wo managers and one division head of the German state lending bank KfW were suspended Thursday after an emergency meeting of the administrative board in Berlin, amid uproar over a suspicious €300 million ($426 million) transfer made by the bank to Lehman Brothers on Monday -- just as the New York financial institution collapsed.

Critics were calling for heads to roll, and during a press conference after the five-hour meeting German Economics Minister Michael Glos, a member of the conservative Christian Democrats, announced the three suspensions. His Social Democratic colleague Peer Steinbrück, Germany's finance minister, said the suspensions would not be "the final word."



*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Fri Sep 19th, 2008 at 03:05:56 PM EST
[ Parent ]

Others have rated this comment as follows:

Display:

Occasional Series