The Bundesbank suffered losses for the first time since 1979.

The German Federal Bank (Bundesbank) incurred losses of 19.2 billion euros last year, according to an official statement from the institution.

πŸ“ Summary

The German Federal Bank (Bundesbank) incurred losses of 19.2 billion euros last year, according to an official statement from the institution.

This became the first such financial failure since 1979 and the largest in the entire history of the bank, founded in 1957.

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