Bundesbank warns of €90bn writedowns

Germany’s leading banks will have to wipe as much as €90bn off the value of securities and loans this year and next, the Deutsche Bundesbank warned on the 25 November 2009 as it published its Financial Stability Review 2009.

Germany: Deutsche Bundesbank http://www.bundesbank.de/index.en.php

Deutsche Bundesbank: Financial Stability Review 2009 http://www.bundesbank.de/download/volkswirtschaft/finanzstabilitaetsberichte/finanzstabilitaetsbericht2009.en.pdf

Deutsche Bundesbank: Press Release, 25.11.09: Financial Stability Review 2009 - German financial system stabilised - challenges remain http://www.bundesbank.de/download/presse/pressenotizen/2009/20091125.finanzstabilitaetsbericht.en.pdf

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