Tradefair & Financials
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When will the madness end???
Tightrope for Commerzbank
German Lender Needs the Government's Assistance; Just Don't Call It a Bailout
FRANKFURT—Commerzbank AG is in negotiations with the German government about state help in ridding itself of its struggling real-estate business, while avoiding the appearance of a taxpayer bailout.
The lender, Germany's second largest, is seeking to transfer part or all of its troubled real-estate finance unit Eurohypo into a government-owned bad bank—with the stipulation that the measure not be defined as a bailout, according to people familiar with the matter.
Full article here:
http://online.wsj.com/article/SB10001424052970204844504577098704190606474.html
Tightrope for Commerzbank
German Lender Needs the Government's Assistance; Just Don't Call It a Bailout
FRANKFURT—Commerzbank AG is in negotiations with the German government about state help in ridding itself of its struggling real-estate business, while avoiding the appearance of a taxpayer bailout.
The lender, Germany's second largest, is seeking to transfer part or all of its troubled real-estate finance unit Eurohypo into a government-owned bad bank—with the stipulation that the measure not be defined as a bailout, according to people familiar with the matter.
Full article here:
http://online.wsj.com/article/SB10001424052970204844504577098704190606474.html
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