Scholz: no bad bank for Deutschmerz, NordLB rescue not state aid

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Scholz: no bad bank for Deutschmerz, NordLB rescue not state aid

Jasper Cox
February 08, 2019 01:30 PM
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Hamburgs First Mayor Olaf Scholz, photographed during an interview with dpa at the city hall in Hamburg, Germany, 25 July 2016. PHOTO: DANIEL REINHARDT/dpa | Daniel Reinhardt/DPA/PA Images

Olaf Scholz, finance minister and vice-chancellor for Germany, said that there was 'no debate' about the creation of a bad bank in a prospective merger between Deutsche Bank and Commerzbank. He also does not believe that the recapitalisation of NordLB by the association of German savings banks would contravene EU state aid rules.

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RegulationDeutsche BankCommerzbankFIG People and MarketsEuropeEMEANordLBFIGPeople and MarketsBank Strategy
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