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Europe
2:42 am
Mon April 23, 2012

State-Owned German Banks Suffer After Risky Investments

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Originally published on Mon April 23, 2012 5:19 am

Unlike the United States, Germany never had a housing bubble. Its mortgage market is too tightly regulated. But some German banks did lose a lot of money in the financial crisis, and they're still paying a big price for it.