Saxony Finance Minister Quits After SachsenLB Bailout (Update1) (Bloomberg.com)
Aug. 31 (Bloomberg) -- The German state of Saxony's Finance Minister Horst Metz will resign after state-owned Landesbank Sachsen Girozentrale got 17.3 billion euros ($23.7 billion) in emergency funds related to investments in U.S. subprime loans.
Saxony's Finance Minister to Resign (AP via Yahoo! Finance)
The finance minister of Germany's eastern Saxony state said Friday he was stepping down, amid turmoil surrounding the state's SachsenLB bank, which has been battered by its exposure to U.S. subprime mortgages.
Register finance executive to retire (The Des Moines Register)
Susan Genalo, the Des Moines Register’s vice president of finance, will retire Sept. 28, the paper announced Friday.
Remaining finance companies respond to Commission (Stuff)
All except one of 67 finance companies have responded to the Securities Commission request for information, with Five Star Consumer Finance calling in the receivers on Thursday.
Danger of 'run' on all finance firms (Stuff)
A growing panic is creeping into finance company investors, but it is exactly that which will see them lose more money, experts say.
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