Sharing the pain

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The global financial landscape has altered beyond recognition over the past two years. When the dust eventually settles on the current crisis, the International Monetary Fund estimates financial sector losses could reach $2.2 trillion. German banks have had their fair share of pain - shortly after the crisis took hold in the second half of 2007, it emerged several financial institutions had invested heavily in US subprime mortgage-backed securities and the super-senior tranches of collaterali