WestLB likely to make '03 loss, CEO tells lawmakers

Newswire

DUESSELDORF, Germany, July 24 (Reuters) - The interim chief executive of German state bank WestLB told regional lawmakers on Thursday that the bank was likely to make a loss this year and was examining a writedown for its U.S. aircraft leasing unit. Parliamentarians who asked not to be named said CEO Johannes Ringel, speaking at a closed meeting of the North Rhine-Westphalia parliament's finance committee, had said the bank would only know for sure about writedowns on its Boullioun ...

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