Berlin cranks up pressure on regional banks to consolidate

Author (Person) ,
Series Title
Series Details 4.5.09
Publication Date 04/05/2009
Content Type

Article reports that the German government has issued an ultimatum to the country's seven Landesbanken, May 2009, to agree to consolidate the troubled state-owned banking sector by July or face exclusion from Berlin's plan to take toxic assets off banks' books.

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