German bank Commerzbank may have to sell off its Eurohypo commercial property arm in order to conform to European Union requirements, the Financial Times Deutschland reported, without quoting sources.
German bank Commerzbank may have to sell off its Eurohypo commercial property arm in order to conform to European Union requirements, the Financial Times Deutschland reported, without quoting sources.
The Frankfurt-based bank was granted a EUR 18.2 bn capital injection from Germany’s bank-rescue fund Soffin, but the EU requires the banking giant to reduce its business in order to give the green light to the second tranche of the aid, the newspaper report said.
