Landesbank Berlin Holding (formerly Bankgesellschaft Berlin) (FWB: BEB2) is a large commercial bank based in Berlin and holding company of the following banks: Berliner Sparkasse and Landesbank Berlin.
In 2007 LBB was taken over by the German Federation of Savings Banks (DSGV). The Land Berlin was forced to sell its stake by the European Commission as a condition of permitting the bailout of the then Bankgesellschaft Berlin, which had got into difficulties due to a real-estate scandal.
In 2010 Landesbank reported pre-tax profits of €317m.
Famous quotes containing the words berlin and/or holding:
“Theres no business like show business.”
—Irving Berlin (18881989)
“The growing of food and the growing of children are both vital to the familys survival.... Who would dare make the judgment that holding your youngest baby on your lap is less important than weeding a few more yards in the maize field? Yet this is the judgment our society makes constantly. Production of autos, canned soup, advertising copy is important. Houseworkcleaning, feeding, and caringis unimportant.”
—Debbie Taylor (20th century)