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German bank Landesbank Baden-Württemberg (LBBW) buys ailing rival SachsenLB, which has run into trouble over securities backed by subprime mortgage loans in the U.S. October: The U.S. supports a consortium made up of Bank of America, Citigroup, and JPMorgan Chase, and its creation of a $100 billion superfund formed to buy off and free up ... ................
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