Made in Germany | State Banks in Crisis - HSH Nordbank
819 views · Published 1 April 2009 · 4:10 · Indexed 14 November 2026
Channel: DW News · 2009 · News & Politics
Germany's regional state banks have seen major losses through speculation,and some are now struggling for their survival. One of the worst hit is HSH-Nordbank,which posted a loss of 2.8 billion euros in 2008. The watchdog comes through the back door. She has for weeks. Sybille Roggenkamp from the Finance Ministry is looking into the losses the HSH bank made last year,because the taxpayers will have to cover them. What does the state controller find in the files? The HSH Nordbank lost 2 point 8 billion euros last year. And this year may be just as bad.
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