Hint: Europe's dumbest bank.
Answer: KfW
KfW banking group is a German government-owned development bank, based in Frankfurt. Its name originally comes from Kreditanstalt für Wiederaufbau, meaning Reconstruction Credit Institute. It was formed in 1948 after World War II as part of the Marshall Plan.
It is owned by the Federal Republic of Germany (80%) and the States of Germany (20%).
On September 15, 2008, KfW transferred €300 million ($425 million) to Lehman Brothers Holdings on the same day that Lehman filed for bankruptcy, a step that earned the bank an unflattering moniker of "Germany's dumbest bank" in the media.
