Business
LBBW may get 30 bln eur in loan guarantees - sources
CEOinIRVINE
2008. 11. 19. 21:00
LBBW may get 30 bln eur in loan guarantees - sources
FRANKFURT, Nov 19 (Reuters) - German state-owned bank LBBW could receive federal and state government loan guarantees amounting to as much as 30 billion euros ($37.87 billion), two sources familliar with the matter told Reuters on Wednesday.
The bank's owners would decide on Friday on a capital increase of up to 6
billion euros and additional state loan guarantees to buffer the impact of the
global financial crisis.