Crisis-prone business model  As I have already intimated, what this ultimately reveals is that the business operations and self-image – and therefore the business model – of some Landesbanken have changed a great deal over the past decades.
They have moved far away from their original task of promoting state development as federal state-owned institutions and taking on important services for the savings banks as regional giro institutions. For some time now, network business with the savings banks has accounted for only a small part of their income.