West LB, the German bank, denies it nearly went bust over the weekend (of course). Reuters reported earlier today that the Bank received an additional EUR 4 bln in guarantees from the state and other owners. Whether or not a failure was imminent, it is a reminder that European banks have done less to raise capital to protect against further losses on their highly-leveraged portfolios.
West Lb denies was in danger
Source: www.forexlive.com
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