Friday, October 10, 2008

Report: Germany Considering Bank Recapitalization Plan

by Bill McBride on 10/10/2008 11:28:00 AM

From the WSJ: Germany Considers Plan to Recapitalize Its Banks

Germany is working on a plan to prop up its major banks that could include taking government stakes and measures to guarantee banks' access to liquidity ... No final decision had been taken on Friday, but Chancellor Angela Merkel's government could take a decision on the plan and announce it as early as this weekend ...

The German plan could resemble the U.K. government's move to recapitalize major banks by taking government stakes ...