More German Bank Securitization Write-Downs Expected

25 Nov 2009

German banks may write-down an additional €50 billion ($75.85 billion) to €75 billion ($112.27 billion) in securitizations, according to the Deutsche Bundesbank.

German banks may write-down an additional €50 billion ($75.85 billion) to €75 billion ($112.27 billion) in securitizations, according to the Deutsche Bundesbank. Professor Hans-Helmut Kotz, a member of the bank’s executive board, said that while it appears losses from securitizations have already peaked, future economic developments could lead ...

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