“Germany’s Handelsblatt writes that ‘shipping loans have brought Bremer LB into distress and the bank can not survive without government help, but a direct capital injection from Lower Saxony now looks unlikely.’ The punchline, and where the narrative veers dramatically from the smooth sailing scenario presented last month by the FT, is that according to Lower Saxony President Stephen Weil, a capital increase by his state and Bremen for the ailing bank is currently not realistic. ‘The classic method, namely when partners provide the necessary capital, does not seem to work,’ the Prime Minister said to the ‘Weser-Kurier’.”
Related posts:
Gold smuggling rampant in India
'China is taking a leap forward to control world currency'
Hannity Then and Now on NSA Surveillance
California Supreme Court deals massive blow to medical marijuana industry
100MPH Police Chase of Pot Car Ends in Fatal Crash, Injured Workers
Peter Schiff: Investing Wisely While Banking on a Crash
The Forgotten Country Where Profits Beckon
Missouri man arrested at hospital for refusing to leave gay partner
British Columbia Public Supports Marijuana Legalization
Jim Bovard: 20 Years Ago at Ruby Ridge - FBI Sniper Slays Mother Holding her Baby
Central Bank of Jordan Blocks Financial Companies from Bitcoin
BIS Demands Global Depression?
Go Time: “Pentagon is Making the Initial Preparations for a Cruise Missile Attack”
Saxo Bank CEO Warns of Collapse Into “Totalitarian” Society
As Feds Suggest ‘Guidance,’ Bitcoin Foundation Pushes Back