BaFin: German banking clean-up could involve e816bn of assets
FRANKFURT - Up to e816 billion of assets could be involved in a potential clean-up of the banking system, according to a report by the German finance regulator Bundesanstalt fur Finanzdienstleistungsaufsicht (BaFin).
The confidential report was leaked to German daily newspaper Süddeutsche Zeitung on April 24. The e816 billion total includes e268 billion of Hypo Real Estate's assets, e101 billion for Commerzbank, e84 billion for Westdeutsche Landesbank and e21 billion for Deutsche Bank, along
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