The Norddeutsche Landesbank (abbreviated Nord/LB) is a German Landesbank and one of the largest commercial banks in Germany. It is a public corporation owned by the federal states of Lower Saxony and Saxony-Anhalt with its head office in Hanover and branches in Braunschweig and Magdeburg.
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Only with billions in aid from tax saved the bank! The financial crisis, questionable business policies, opaque, wasteful financial practices and excessive executive salaries brought the bank to the brink of disaster!!
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