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- Ex-Im Bank receives full funding in Bush budget
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With talks yesterday about a possible sale of the Sachsen LB, which is the state bank of Saxony, prime crisis. The SachsenLB had billions of asset backed securities in its portfolio which are now about to default on the back of the US credit woes. The SachsenLB is privatized, in contrast to most other state banks which are state owned, and its securities were backed up by the banks owners; however the clear overexposure of the bank through risky investments called for more transparency of banks investments.
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(34) LLB (Hons), MA Sonja has been an executive director at WDB Investment Holdings since 2002 playing an important role in the design and execution of transactions and the management of ongoing investment relationships. She was previously a vice president in the investment banking division of Deutsche Bank, where she gained more than five years' experience in advisory work on Mergers & Acquisitions and Corporate Finance. She has specific experience in advising government on the sale of assets and potential investors on purchasing or disposing of equity stakes in companies.
Banknorth Group, Inc., is a bank holding company and financial holding company, which had consolidated assets of $23.4 billion as of December 31, 2002. The Company's principal asset is all of the capital stock of Banknorth, NA, a national bank, chartered savings bank. Through Banknorth, NA, the Company offers a full range of banking services and products to individuals, businesses and governments throughout its market areas, including commercial, consumer and trust and investment services.
