Bloomberg News

German Banks Won’t Need State Funds for Capital, Reuters Reports

October 20, 2011

Oct. 20 (Bloomberg) -- Germany’s biggest banks won’t need funds from the state as part of efforts to recapitalize Europe’s banks, Reuters reported, citing unidentified people close to politicians and regulators.

The banks will require a figure in the “mid-range single- digit billions” of euros based on European Banking Authority tests, the news agency said.

To contact the editor responsible for this story: Nicholas Comfort at ncomfort1@bloomberg.net


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