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:
“Oh, how I hate to get up in the morning,
Oh, how I’d love to remain in bed.”
—Irving Berlin (1888–1989)
“It was a close place. I took it up, and held it in my hand. I was trembling, because I’d got to decide, forever, betwixt two things, and I knowed it. I studied a minute, sort of holding my breath, and then says to myself: “All right, then, I’ll go to hell”—and tore it up.”
—Mark Twain [Samuel Langhorne Clemens] (1835–1910)