AFP: $1 tln at risk in German banks: report: "$1 tln at risk in German banks: report
Apr 25, 2009
BERLIN (AFP) — Germany's banking system is exposed to over one trillion dollars' worth of 'toxic' or risky assets, news media in Europe's largest economy said Saturday citing a confidential financial watchdog report.
Within the 816-billion-euro headline sum (1,080 billion dollars), 355 billion euros are held in the network of Germany's regional state banks, according to the document revealed by the Suddeutsche Zeitung newspaper and the online edition of Der Spiegel magazine."
Friday, May 15, 2009
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