German FinMin mulls individual "bad banks"-paper


BERLIN, Jan 29 (Reuters) - Finance Minister Peer Steinbrueck is considering allowing individual German lenders to set up "bad banks" to house their toxic assets, a newspaper reported on Thursday. The Berliner Zeitung said Steinbrueck stuck to his position that the government would not set up a national "bad bank" to shift toxic assets off lenders' balance sheets, but that individual institutes could possibly do something similar. "In recognition of the effects of bad assets on a bank's ...

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