Buba against foreign takeovers of German banks

The Bundesbank spoke out against foreign takeovers of the country's biggest banks and said that Germany needs at least one big bank to protect its economic interests, a newspaper reported on Wednesday 24 March.

According to a report in the Financial Times Deutschland Bundesbank board member Edgar Meister said: "For an important economy like Germany it is an asset to have at least one big German bank."

He said that a strong German banking sector would protect future financing of the country's

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