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KfW Chief Says Financing Worse Than Post-Lehman, Focus Reports

Oct. 8 (Bloomberg) -- Ulrich Schroeder, chief executive officer of German state-owned lender KfW, said medium- and long-term financing markets are “more dramatic” than after the collapse of Lehman Brothers Holdings Inc., according to an interview in Focus magazine.

Risk management systems are now better than after the Lehman bankruptcy, he was cited as saying.

Lenders shouldn’t be given automatic aid as banks without a sustainable business model shouldn’t be kept afloat, he said, according to Focus.

To contact the reporter on this story: Cornelius Rahn in Frankfurt at crahn2@bloomberg.net

To contact the editor responsible for this story: Kenneth Wong at kwong11@bloomberg.net

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