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BREAKING NEWS | Lebanon's Hariri set to form new govt
EUR | GBP Up 1.117 ,  USD | EUR Up 0.672 ,  USD | GBP Up 0.602

German HSH Nordbank given 30 bln euros in state guarantees

November 22, 2008
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German public regional bank HSH Nordbank has announced that it has obtained up to 30 billion euros (US$38.5 billion) in loan guarantees as part of a national rescue plan for the banking sector. "We are working on a series of concrete measures that will allow us to advance the future strategy of HSH Nordbank," interim chief executive officer Dirk Jens Nonnenmacher said following the deal late Friday.
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