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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Investment, Market

German bank may tap rescue funds

Posted on 20 October 2008

From WSJ: Bayerische Landesbank, one of Germany’s largest state-owned regional lenders, appeared increasingly likely Sunday to tap billions of euros from the government’s newly minted bank rescue fund to shore up its balance sheet.

In separate interviews published on the Web sites of two German newspapers, Bavarian Finance Minister Erwin Huber signaled BayernLB was leaning toward requesting “billions” of euros in government help in the coming days….. Full Article: Source


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