Personal consequences at KfW Bank after transaction - 19.09.2008 08
Constanze TressSeptember 19, 2008
Heads are rolling at a German bank that transferred hundreds of millions of euros to Lehman Brothers just as the US bank declared bankruptcy earlier this week. Two executives have been suspended at the German state-sponsored KfW Bank for Reconstruction. The transfer was part of a long-standing contract, but the timing has drawn criticism in Berlin.