Berlin poised to turn crisis into opportunity to shake up banks

Article reports that BayernLB's expected request for a government-led recapitalisation, October 2008, is the first test of whether German authorities are ready to turn crisis into opportunity and restructure the entire Landesbank sector.

ESO: Background information: Banks: Consolidation after financial firestorm http://www.europeansources.info/record/banks-consolidation-after-financial-firestorm/

Deutsche Welle, 19.10.08: First German Bank Set to Request State Support http://www.dw-world.de/dw/article/0,2144,3725280,00.html

IFO Viewpoint, No.93, May 2008: The German State Banks: Creative Destruction http://www.cesifo-group.de/portal/page/portal/ifoHome/B-politik/05stp/_stp?item_link=stp093.htm

---