CommerzBank Loaned Detroit Over $400 Million, Faces Steep LossesMani
Germany’s second largest lender, Commerzbank AG (OTCMKTS:CRZBY), loaned over $400 million to Detroit, according to a German daily, Frankfurter Allgemeine Zeitung.
The exposure came through Commerzbank AG (OTCMKTS:CRZBY)’s subsidiary, Eurohypo, which the bank bought in 2005. Eurohypo . . .
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