German State Bank Merger Plan By Mid-2011

29 Sep 2010

A merger plan for Germany’s eight state-owned banks may be ready by the middle of next year, according to Steffen Kampeter, the country’s deputy finance minister.

A merger plan for Germany’s eight state-owned banks may be ready by the middle of next year, according to Steffen Kampeter, the country’s deputy finance minister. Kampeter said Germany is under pressure from the European Union over state subsidies and capital requirements, leaving it no choice but to ...

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