German BayernLB Says It Ends Business Relationship With Goldman Sachs

[ASusilovic]

April 21 (Bloomberg) -- Bayerische Landesbank, Germany’s second-biggest state-owned lender, has ended its business relationship with Goldman Sachs Group Inc. after allegations of fraud by the U.S. Securities and Exchange Commission against the New York-based firm, a spokesman for the German lender said.

Munich-based BayernLB spokesman Matthias Priwitzer confirmed a previous report in German newspaper Handelsblatt by telephone today. He declined to provide further details.

http://www.bloomberg.com/apps/news?pid=20601087&sid=a8BsUXFxcdAM&pos=5

 

[Visitors]

Goldman Sachs and its top echelon should burn in hell and we all know that

why do people pretend they don't know that

 

[Martinghoul]

The Landesbanken, all together, have a big balance sheet. If they all pull Goldie's lines, it might actually have an effect.

 

[ASusilovic]

Quote from Martinghoul:

The Landesbanken, all together, have a big balance sheet. If they all pull Goldie's lines, it might actually have an effect.

They have lost enough money holding the bag for US CDO's...

 

[Trendytrader]

Time to short GS....GS will soon only be trading with themselves.

Sharks in the water. GS is the bait.

http://finance.yahoo.com/news/With-...4.html?x=0&sec=topStories&pos=7&asset=&ccode=