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找到原文了： 'Dumbest' German bank criticized for Lehman transaction Bloomberg
NewsPublished: September 18, 2008
E-Mail Article Listen to Article Printer-Friendly 3-Column Format Translate Share Article Text Size BERLIN: KfW Group's administrative board will meet Thursday amid growing criticism of the German state-owned development bank's transfer of money to Lehman Brothers Holdings the same day the U.S. securities firm filed for bankruptcy. The board, headed by German Economy Minister Michael Glos, will convene in Berlin, as the chief ex-ecutive, Ulrich Schroeder, who took office less than three weeks ago, explores "consequences" after the lapse, KfW spokesman Michael Helbig said. KfW faces losses, as well as mounting public and political opprobrium, after it made an "automated payment" of �300 million, or $425 million, to Lehman for currency swaps on Sept. 15 that couldn't be halted after prior approval. Bild, the biggest-selling newspaper, ran a headline on its front page Thursday calling KfW "Germany's dumbest bank." Finance Minister Peer Steinbrueck will press for a full explanation of the "unbelievable incident" and will take any necessary steps, his spokesman Torsten Albig said. That may include consequences for bank personnel, Albig said. KfW board member Juergen Koppelin, a lawmaker with the opposition Free Democratic Party - Chancellor Angela Merkel's preferred coalition partner after elections in September next year - called for a "total reform" of the bank on ARD television. That could include downsizing the 37-person administrative board, he said. Today in Business with Reuters Fed to pump another $1 trillion into U.S. economy U.S. outcry forces chief of A.I.G. to give ground Cuomo wins ruling to name Merrill bonus recipients KfW has already drawn flak for selling IKB Deutsche Industriebank, the first German casualty of the subprime mortgage market collapse, to Lone Star Funds for less than 20 percent of the price the government initially sought. KfW, which led a �10 billion bailout of IKB, may report a full year loss because of exposure to Lehman and the sale of IKB, Standard & Poor's Ratings Services said Wednesday. Koppelin said KfW could face losses of as much as �600 million related to the collapse of Lehman. The development bank has exposure in the "mid three-digit million euros," Helbig said, without providing more detail.
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